Sounds like the United Nations ... https://news.bloomberglaw.com/litigation/deutsche-bank-hit-with-95-million-v... Damages sought by companies’ liquidators Bank has been accused of lax controls Deutsche Bank AG must pay $95 million over allegations it negligently disregarded warning signs about a high-dollar Ponzi scheme and even aided and abetted it, a jury in Florida determined Tuesday. Representatives of 13 Cayman Islands companies undergoing liquidation brought the suit in the US District Court for the Southern District of Florida. Five of them were allowed to proceed to trial. The lawsuit is among a dozen filed over a South Florida real estate investment scheme, including at least two against Deutsche Bank, which has been dealing for years with accusations of lax internal controls. The liquidators alleged that Deutsche Bank and several subsidiaries knew that the real estate investors’ funds weren’t being used for their intended purpose. The scheme allegedly resulted in hundreds of millions of dollars in losses. Four individuals allegedly ran two companies, South Bay Holdings LLC and Biscayne Capital International LLC. Those individuals allegedly used securities-issuing companies to connect investors to South Bay’s real estate assets, which were heavily leveraged and worthless as backing for the securities. The issuers are among the companies whose liquidators are suing Deutsche Bank. EFR Law Firm and Bondurant Mixson & Elmore LLP represent the companies’ liquidators. Duane Morris LLP and Cahill Gordon & Reindel LLP represent Deutsche Bank. The case is Pearson v. Deutsche Bank AG, S.D. Fla., No. 21-cv-22437, verdict rendered 4/25/23.