Three US Banks Sued Over Alleged Links to Massive Ponzi Scheme, Accused of Backing Criminal Mastermind Despite Red Flags: Report
Description
Three US banks are facing a class action lawsuit over their alleged involvement in a Ponzi scheme. Community Financial Services Bank, Mechanics Bank and RABO AgriFinance are accused of knowingly or negligently enabling a Ponzi scheme orchestrated by Kentucky farmer and businessman Brian McClain, reports WPSD Local 6. McClain is accused of stealing millions of dollars from investors in Graves County by masterminding a fictitious cattle investment scheme. A lawyer for the plaintiffs, Mark Bryant, ...
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