Wells Fargo Knew Of $30M Ponzi Scheme, 11th Circ. Told

Law360, Miami (January 17, 2014, 7:54 PM EST) -- The receiver for investment companies connected with an alleged $30 million Ponzi scheme urged the Eleventh Circuit on Friday to reverse a lower court's dismissal of his claims that Wells Fargo NA, as the successor to Wachovia Bank NA, aided and abetted the alleged fraud.

The receiver, Jonathan E. Perlman, contends that the trial court erred in dismissing his claims and denying him the opportunity to file a proposed second amended complaint, which included additional information purporting to show that bank had actual knowledge of and...
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Case Information

Case Title

Jonathan Perlman v. Wells Fargo Bank, N.A.

Case Number



Appellate - 11th Circuit

Nature of Suit

3890 Other Statutory Actions

Date Filed

August 23, 2012

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