Deutsche Bank Found Liable For $95M In Damages For Ignoring Ponzi Scheme

Mealey's ( April 26, 2023, 1:30 PM EDT) -- MIAMI — A federal jury in Florida on April 25 awarded $95 million to liquidators representing Cayman Island-based companies that alleged that Deutsche Bank AG and several of its subsidiaries (collectively, Deutsche Bank) turned a blind eye to a Ponzi scheme operating through Deutsche Bank accounts, finding that Deutsche Bank was negligent in allowing the scheme’s operators to transfer Ponzi scheme proceeds to other accounts....

Attached Documents

Related Sections