Suit Against Accounting Firm Over Aiding, Abetting Ponzi Scheme Dismissed

Mealey's (May 8, 2020, 3:01 PM EDT) -- NEW YORK — Insurers had their aiding and abetting fraud lawsuit against KPMG LLP dismissed April 1 after a New York justice found no allegations showing that the accounting firm had knowledge of a hedge fund’s Ponzi scheme to use a reinsurance company to siphon money from the insurers (Bankers Conseco Life Insurance Company, et al. v. KPMG LLP, No. 653765/2019, N.Y. Sup., New York Co., 2020 N.Y. Misc. LEXIS 1757)....

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