The bankruptcy court awarded summary judgment in favor of the chapter 7 trustee and against the Nickersons for $2ll,237.50, plus interest, as initial transferees under 11 U.S.C. § 550. The bankruptcy court ruled that the Nickersons must return to debtor's estate the amounts they received from debtor as profits from a Ponzi scheme that debtor operated. The district court affirmed the bankruptcy court's decision in its entirety.