IN RE COHEN

BAP Nos. CC-95-1084-KHJ, CC-95-1587-KHJ, CC-95-1049-KHJ and CC-96-1588-KHJ. Bankruptcy No. LA-91-92813-KL. Adv. Nos. LA-93-04282-KL, LA-93-04283-KL.

199 B.R. 709 (1996)

In re Stanley Mark COHEN, Debtor. Gary A. PLOTKIN, Chapter 7 Trustee, Appellant, v. POMONA VALLEY IMPORTS, INC., et al., Appellees. Gary A. PLOTKIN, Chapter 7 Trustee, Appellant, v. METRO HONDA, et al., Appellees.

United States Bankruptcy Appellate Panel of the Ninth Circuit.

Decided August 16, 1996.


Attorney(s) appearing for the Case

Barry S. Glaser, Los Angeles, CA, for appellant.

Gregory M. Salvato, Los Angeles, CA, for appellees.

Before KLEIN, HAGAN, and JONES, Bankruptcy Judges.


OPINION

CHRISTOPHER M. KLEIN, Bankruptcy Judge:

The differences between the fraudulent transfer provisions in the Bankruptcy Code and the Uniform Fraudulent Transfer Act are central to this appeal. In furtherance of a Ponzi scheme, the debtor bought luxury goods at retail from two merchants who delivered them at the debtor's instructions to Ponzi participants. After the Ponzi scheme collapsed, the bankruptcy trustee brought fraudulent transfer actions against...

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