MetLife Incorporated

Years after falling victim to a Ponzi scheme, Simi Valley retiree wins $15.6-million judgment

Years after falling victim to a Ponzi scheme, Simi Valley retiree wins $15.6-million judgment

Years after losing her retirement savings to a Ponzi scheme run by a Sherman Oaks money manager, Christine Ramirez could soon get it back — and much, much more.

A Los Angeles jury this week found that New York insurance giant MetLife, two of its subsidiaries and a local insurance broker should not only compensate Ramirez for the $240,000 she lost to the scam, but also pay the Simi Valley retiree more than $15 million in punitive damages.

“I can’t believe it,” said Ramirez, who is in her mid-70s and fighting late-stage breast cancer. “It feels wonderful.”

Although MetLife officials indicated that they might appeal the...

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