11th Circuit Affirms Dismissal Of Suit Alleging Bank's Involvement In Ponzi Scheme

ATLANTA - The 11th Circuit U.S. Court of Appeals on June 5 affirmed the dismissal of an investor's suit in which she alleged that Wachovia Bank N.A.'s banking services were used in a Ponzi scheme, disagreeing with her contention that "continuity" is not a required element of the Florida Racketeer Influenced and Corrupt Organizations (RICO) Act (Nerline Horace-Manasse v. Wells Fargo Bank, N.A., No. 12-13401, 11th Cir.; 2013 U.S. App. LEXIS 11229).

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