Posted by Kathy Bazoian Phelps
To hear about issues relating to the liability of banks in Ponzi scheme cases, listen to my podcast - “Bankers That Bank Fraudsters Could Face Costly Liability to Victims” - presented by the Association of Certified Financial Crime Specialists, available here. Banks have faced substantial claims in many Ponzi cases, including the Rothstein and Madoff cases, and were held liable in some actions but not in others. The podcast also includes discussion of some of the things that banks can and should be doing to protect themselves against potential liability in these cases.
Issues relating to bank liability in Ponzi cases and the many contexts in which such claims can arise are discussed in The Ponzi Book: A Legal Resource for Unraveling Ponzi Schemes by Kathy Bazoian Phelps and Hon. Steven Rhodes.
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