BROWN v. COLEMAN

No. 70, September Term, 1988.

318 Md. 56 (1989)

566 A.2d 1091

ELLYN L. BROWN ET AL. v. DAVID COLEMAN ET AL.

Court of Appeals of Maryland.

December 20, 1989.


Attorney(s) appearing for the Case

T. Webster Brenner, Asst. Atty. Gen. (J. Joseph Curran, Jr., Atty. Gen., both on brief), Baltimore, for appellants.

Janet A. Bradley (William S. Rose, Jr., Asst. Atty. Gen., Gary R. Allen, William S. Estabrook, all on brief), Washington, D.C., for appellees.

Argued before MURPHY, C.J., and ELDRIDGE, COLE, RODOWSKY, McAULIFF, ADKINS and BLACKWELL, JJ.


ELDRIDGE, Judge.

This case involves competing claims of the United States and the victims of a fraudulent investment scheme for the proceeds from a liquidation sale of the defrauder's assets. The United States asserts that a federal statute entitles its claim to priority. The investors assert that the proceeds are their property because they have sufficiently traced their investments into those proceeds.

I.

David Coleman was the owner of Data Video...

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