Berkshire Bank Escapes Claims It Aided $90M Ponzi Scheme
Berkshire Bank Escapes Claims It Aided $90M Ponzi Scheme <https://www.law360.com/banking/articles/2254839?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-11-01&read_main=1&nlsidx=0&nlaidx=5> By Rae Ann Varona A New York federal judge on Thursday freed Berkshire Bank from a proposed class action that alleged it helped a local businessman's $90 million Ponzi scheme for roughly a decade, saying an investor in a fund central to the scheme didn't show the bank had actual knowledge of the fraud. Order attached | Read full article » <https://www.law360.com/banking/articles/2254839?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-11-01&read_more=1&nlsidx=0&nlaidx=5> | Save to favorites » <https://www.law360.com/banking/articles/2254839?nl_pk=feb6bbba-7878-4d39-be6e-46810c922ad7&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2024-11-01&read_later=1&nlsidx=0&nlaidx=5>
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Gunnar Larson