Federal Judge Dismisses Receiver's Ponzi Scheme Suit Against Associated Bank

Federal Judge Dismisses Receiver's Ponzi Scheme Suit Against Associated Bank

MINNEAPOLIS - Individuals acting on behalf of the receiver for corporate entities that operated as a Ponzi scheme have not pleaded a plausible claim that Associated Bank N.A. aided and abetted the scheme, a federal judge in Minnesota ruled Sept. 30, granting the bank's motion to dismiss the receiver's suit (R. J. Zayed v. Associated Bank N.A., No.13-0232, D. Minn.; 2013 U.S. Dist. LEXIS 140537).

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