Quindell's buyers sue to reclaim every penny spent, page-40

lets put it another way.

If you were to rob a bank, then distribute the money to members of your family.

Now, you are caught without a cents under your name.

Can the bank claw back the money from members of your family, who receive a distribution from you?

not only pigs, but cows will also fly. If the monies is proven to have been obtained fraudulently... of course, there is no chances of getting 100% of the amount back, and it is too difficult to go after mum & dad investors for little amount. However, institutional investors are larger easier target, and they have monies or assets.

long shots, but not impossible.