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Pearson et al v Deutsche Bank AG et al
Case Number:
1:21-cv-22437
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September 12, 2023
Deutsche Bank Can't Undo $95M Verdict Over Ponzi Scheme
Deutsche Bank was denied a new trial by a Florida federal judge after being hit with a $95 million verdict in April on allegations it ignored signs of fraud and allowed a group of clients to continue running a Ponzi scheme.
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April 25, 2023
Deutsche Bank Hit With $95M Jury Verdict For Ignoring Fraud
A Florida federal jury on Tuesday awarded $95 million in damages to liquidators representing four Cayman Island companies that accused Deutsche Bank of ignoring a Ponzi scheme, saying the bank was negligent for allowing fraudsters to use accounts to siphon investor money and wire funds to entities around the world.
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April 24, 2023
Deutsche Bank Let Ponzi Scheme Happen, Fla. Jurors Told
An attorney representing liquidators for four bankrupt Cayman Islands companies told a federal jury in Miami on Monday that Deutsche Bank was aware the owners of those companies were operating a Ponzi scheme that stole $155 million of investors' money but chose not to do anything about it.
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April 21, 2023
Deutsche 'Knowingly' Aided Ponzi Scheme, Liquidators Say
A group of liquidators says Deutsche Bank can't cut short an ongoing trial, arguing the bank was established as their fiduciary through contracts Deutsche struck with the now-liquidated companies and thus is responsible for furthering a real estate Ponzi scheme that resulted in them losing a combined $124 million.
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April 20, 2023
Deutsche Bank Eyes Win In $155M Ponzi Scheme Suit
Deutsche Bank asked a Miami federal court this week to dismiss all claims that it enabled a real estate Ponzi scheme that cost investors $155 million, arguing the agreement it signed with the affected companies clearly limited the bank's responsibility.
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April 17, 2023
Expert Says Deutsche Bank Could Have Stopped $155M Fraud
An expert witness for four bankrupt Cayman Islands companies told jurors Monday that an "ordinarily careful bank" would not have allowed the wire transfers that Deutsche Bank approved by the owners of the companies who are accused of operating a Ponzi scheme that stole more than $155 million in investor money.
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April 10, 2023
Liquidators Say Deutsche Bank Didn't Spot $155M Scheme
Liquidators for four bankrupt Cayman Islands companies told a federal jury in Miami on Monday that Deutsche Bank turned a blind eye to various warning signs of fraud by the owners of the companies who are accused of operating a Ponzi scheme that stole more than $155 million in investor money.
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March 31, 2022
Deutsche Bank Gets Suit Over $155M Ponzi Scam Trimmed
A Florida federal judge permanently dismissed two counts from a suit accusing Deutsche Bank of aiding a Miami-based Ponzi scheme that allegedly stole more than $155 million from investors, but otherwise left investors' amended complaint in place.