relied upon by the Trustee in these adversary proceedings, as described in section III A. Hence, the premise here is that the commissions were fair recompense for the services in the relevant marketplace and time.
It appears from oral and written submissions of the parties that some small portion of the commissions sought to be recovered by the Trustee as fraudulent conveyances may have been paid to Investment Brokers in respect of "rollover" investments. The record before the Court does not reveal what, if any, services were rendered by the Brokers in respect of rollover commissions. Accordingly, this decision does not apply to any claims in respect of rollover commissions.
Neither the complaints nor the submissions of the parties provide the Court with sufficient information as to the Trustee's claims in respect of alleged preferences under Section 547 of the Bankruptcy Code to enable the Court to rule either on the motions for summary judgment or the motions to dismiss.
The Court will schedule a conference at an early date after issuance of this decision to consider further proceedings to expedite the resolution of fraudulent conveyance claims for rollover commissions and preference claims.
Conclusion In the interest of economy, the Court will ask counsel for the Trustee to prepare and circulate to counsel for the moving defendants a proposed order consistent with this decision dismissing the Trustee's fraudulent conveyance claims with respect to commissions and denying the motions *685 without prejudice with respect to rollover commissions and preferences.
NOTES [1] The names of the defendants and adversary proceeding numbers are as follows: ANF Financial Inc. 00-2130A; Douglas R. Bailey 00-2109A; Marvin Barcham 00-2062A; Michael Beyer 00-2053A; Jack Bloom 00-2131A; Robert F. Bond 00-2142A; Nicholas Caniano 00-2065A; Daniel J. Cantor 00-2102A; Steven G. Cappello 00-2135A; Dean Colomban 00-2121A; Lisa M. Culhane 00-2048A; Janet Dadamo 00-2106A; Milan David 00-2049A; James Ellison 00-2132A; Akiva N. Feinsod 00-2128A; Ernest Fidanza 00-2111A; Michael Gang 00-2051A; Edward Goldstein 00-2110A; Sidney Goldstein 00-2141A; Michael Gross 00-2066A; Abby Gross 00-2144A; Michael P. Harris 00-2064A; Abe Holtzman 00-2129A; Michael Howley 00-2052A; Sadako Huber 00-2140A; Philip Jaeger 00-2068A; James Jordan 00-2125A; Thelma Julis 00-2139A; Alvin J. Kalish 00-2126A; Gerald Katcher 00-2100A; Bruce Katz 00-2124A; Mel Klein 00-2058A; Patricia Lawrence 00-2050A; Theresa Lyman 00-2138A; Francis Mahoney 00-2116A; Craig Marx 00-2120A; Thomas Marzella 00-2143A; Michael Miller 00-2069A; Madelyne Mozer 00-2054A; Sara Mund 00-2137A; Lisa Perrin 00-2060A; John Pisa 00-2047A; Cyvis Price 00-2113A; Arnold Restivo 00-2115A; Sandi Rochetti 00-2133A; Kenneth Rosen 00-2067A; Don Rosen 00-2123A; Meyer Sarfati 00-2057A; Cynthia P. Saxman 00-2119A; Joseph C. Schlamowitz 00-2063A; Paul Schmitt 00-2096A; Schulnam Corp., a/k/a Schulman Corp., a/k/a N. Shunam Inc. 00-2145A; Gideon Shacknai 00-2112A; Jerome W. Stein 00-2046A; Douglas Tanney 00-2118A; William Tibbe 00-2104A; Tiedan, Inc. 00-2136A; Norma Turini 00-2056A; Alan Weisman 00-2127A; Myrna Wendlinger 00-2055A and Martin Wyenn 00-2093A.
[2] As described in Merrill v. Abbott (In re Independent Clearing House Co.), 41 B.R. 985, 994 n. 12 (Bankr.D.Utah 1984):
A "Ponzi" scheme, as that term is generally used, refers to an investment scheme