The trustee seeking to recover assets to settle a Ponzi scheme bankruptcy may seek to recover payments to charities despite a retroactive change in the Minnesota Uniform Fraudulent Transfer Act designed to give charities extra protection, the Bankruptcy Court in Minnesota has ruled. The Court has rejected motions to dismiss claims by the trustee in the Petters bankruptcy to recover payments to three charities that were made pursuant to promissory notes issued by Petters organizations and contributed to the charities by independent donors. After the start of the bankruptcy, the Minnesota legislature amended the fraudulent transfer act in an attempt to protect charities. Under the amendment,...