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Bank Says It Had No Duty To Police Customer In Ponzi Case

By Katryna Perera (August 19, 2022, 4:36 PM EDT) -- An Oregon-based bank asked a California federal judge to toss a class action by a group of investors who claim the bank aided and abetted a Ponzi scheme allegedly led by a now-deceased real estate investment manager, arguing that under California law it does not have to police customers or be attentive to suspicious activity when it's unaware of specific misconduct....

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