So it's good to know good things have happened to family. Here's the good news article from Biz Journals:
http://www.bizjournals.com/seattle/blog/2011/06/ponzi-scheme-allegations-against-regal.html
"A federal lawsuit against Seattle-based Regal Financial, and its former chief executive Jesse Tam that alleged both parties conspired in an international Ponzi scheme has been dismissed, according to court documents and information from the bank Monday.
The lawsuit, filed in late 2009 in U.S. District Court in Seattle, was settled by all the parties involved. Terms of the settlement were not disclosed, but all claims against the bank and its directors and officers have been dismissed, according to Regal.
The suit named a total of 21 defendants with ties to Washington, Utah, and several international locations. It alleged that the bank and Tam were involved in a multimillion-dollar Ponzi scheme that bilked hundreds of Indonesian investors out of $600 million.
Tam left Regal in November 2009, before the suit was filed. Regal has long defended itself against the allegations, saying in a previous statement that the Indonesian investors "neither invested in or have ever had any banking relationship with Regal."
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