Dismissal Of Investor Suit Stemming From Ponzi Scheme Vacated, Remanded

Mealey's (June 27, 2019, 2:11 PM EDT) -- SAN FRANCISCO — Investors have plausibly alleged that a financial institution assisted a convicted Ponzi schemer’s fraud by continuing to operate his company’s deposit accounts and disperse funds, even though it had discovered his fraud and stopped loaning his company money years earlier, a divided Ninth Circuit U.S. Court of Appeals panel ruled June 24 (Ronald C. Evans, et al. v. ZB NA, No. 18-15094, 9th Cir., 2019 U.S. App. LEXIS 18781)....