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Kelley v. BMO Harris Bank N.A., as successor to M&I Marshall and IIsley Bank,

  1. June 26, 2023

    BMO Harris Sees Ponzi Verdict Stick, Hit $1B With Interest

    A Minnesota federal judge declined to free BMO Harris Bank NA from a $563 million jury verdict finding it liable in connection with a massive, yearslong Ponzi scheme, rejecting its claims of insufficient evidence and ordering it to pay interest that pushes the overall award north of $1 billion.

  2. November 21, 2022

    BMO Harris Bank Seeks Delay Of $563M Ponzi Scheme Verdict

    BMO Harris Bank asked a Minnesota federal judge to suspend the enforcement of a jury verdict, without the bank having to post a bond, after it was found liable for $563 million in damages to investors for its predecessor's role in a Ponzi scheme, arguing that it is not required by law to secure the judgment while it appeals.

  3. November 08, 2022

    BMO Harris Bank Hit With $563M Verdict In Ponzi Scheme Trial

    A Minnesota federal jury on Tuesday found BMO Harris Bank complicit in a $3.8 billion Ponzi scheme run by convicted fraudster Thomas J. Petters and awarded bilked investors $563 million in damages, a verdict the bank swiftly vowed to fight.