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$8M Deal Over BofA Ponzi Scheme Approved After Delay

By Daniel Siegal · April 24, 2014, 5:26 PM EDT

Bank of America Corp. won approval Thursday of its $8.2 million settlement of a class action alleging it facilitated a $20 million real estate investment Ponzi scheme, when a California federal...

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Case Information

Case Title

Patricia Arreola et al v. Bank of America National Association et al

Case Number

2:11-cv-06237

Court

California Central

Nature of Suit

Other Fraud

Date Filed

July 28, 2011

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