Bank of America Sued For Involvement In 102 Million Dollar Ponzi Scheme

Was Bank of America Part Of A 102 Million Dollar Ponzi Scheme?

102 Million Dollar Ponzi SchemeBank of America is accused in a lawsuit of providing more than 100 accounts to perpetuate a 102 million dollar Ponzi scheme.
The class-action suit filed in Ocala, Florida. It follows a complaint last week by the SEC. The SEC alleges that five men and three companies defrauded more than 600 investors.
One of the alleged ringleaders allegedly commissioned a song about himself for a party in Las Vegas. The song’s lyrics celebrate his $10,000 suits and his partner’s affinity for champagne.
The brother and sister who filed suit to recover losses from their late father’s investment. They also claim the fraudsters could not have perpetuated their scheme without the knowing assistance of Bank of America. They claim BofA lent the scheme an air of legitimacy and provided critical support.

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