December 17, 2021
An Illinois federal judge has permanently tossed all claims leveled against PNC Bank, while limiting some claims against Heartland Bank, in a suit brought by a group of investors alleging the banks aided and abetted a $75 million Ponzi scheme.
February 10, 2021
An Illinois federal judge has tossed all claims leveled against PNC Bank and some claims against Heartland Bank in a suit brought by two investment firms and a Pennsylvania man alleging the banks aided and abetted a $75 million Ponzi scheme.
August 31, 2020
Two investment firms and a Pennsylvania man on Friday urged an Illinois federal court to keep alive their claims that PNC Bank and Heartland Bank and Trust aided and abetted a $75 million Ponzi scheme, arguing there is ample evidence the banks were aware of the scheme.
February 12, 2020
Two investment companies and a Pennsylvania man on Wednesday hit PNC Bank and Heartland Bank & Trust with a proposed class action accusing the banks of aiding and abetting a $75 million Ponzi scheme in which an Illinois man allegedly took money from more than 500 investors.