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BOWEN v. ZIASUN TECHNOLOGIES, INC.

No. D041142

11 Cal.Rptr.3d 522 (2004)

116 Cal.App.4th 777

Scott BOWEN et al., Plaintiffs and Appellants, v. ZIASUN TECHNOLOGIES, INC., Defendant and Respondent.

Court of Appeals of California, Fourth District, Division 1

As Modified on Denial of Rehearing April 7, 2004

Attorney(s) appearing for the Case

James A. Shalvoy, Manhattan Beach, for Plaintiffs and Appellants.

Smith, Chapman & Campbell, John S. Clifford, Tustin, and Stephanie P. Alexander, Carlsbad, for Defendant and Respondent.

Certified for Partial Publication*

NARES, Acting P.J.

This is an appeal from a grant of summary judgment in favor of defendant Ziasun Technologies, Inc. (Ziasun) on two consolidated actions filed by plaintiffs Scott Bowen and Lief Aa. Fredsted (together sometimes, plaintiffs), which alleged that they were defrauded by a "pyramid" or "Ponzi" scheme orchestrated by foreign brokerage houses from which they purchased shares of stock...

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