Le Baron High Income Fund

More than 1,600 victims of an investment scam known as Le Club Prive have received their entire principal back due to a four-year asset recovery effort by the scheme's Receiver, Joseph J. Wielebinski. In his final report to the U. S. District Court for the Northern District of Texas on September 28, 2007 - 85 months after his appointment, Wielebinski stated that approximately $15 million had been distributed to 1,616 victims.

A Russian businessman who ran the crooked Caribbean Bank of Commerce in Antigua has been accused of running a massive investment scam over the Internet. New Jersey-based Eugene G. Chusid, who already has two pending criminal actions against him relating to CBC, may yet face a third after the SEC closed down a fraud known as Le Club Privé.