November 30, 2018
Heirs to an investor in what the U.S. Securities and Exchange Commission has alleged was a $102 million Ponzi scheme are dropping their proposed class action in Florida federal court that accuses Bank of America of allowing itself to be used in the purported scheme.
October 29, 2018
Bank of America has asked a Florida federal judge to toss proposed class action claims that accuse it of helping five investment advisers run a $102 million Ponzi scheme involving "an intricate web of transfers."
June 27, 2018
Investors have slapped Bank of America with a proposed class action accusing the banking giant of knowingly helping five investment advisers perpetuate a $102 million Ponzi scheme by allowing them to transfer the funds through the bank.