Judges in New York and Miami ruled that investor lawsuits could advance against Germany’s Deutsche Bank AG for allegedly ignoring warnings that it was helping finance a real-estate-linked Ponzi scheme.
Cayman Islands liquidators won rulings Tuesday and Wednesday in separate lawsuits in Florida and New York alleging that Deutsche Bank helped facilitate a wide-ranging fraud by Biscayne Capital International LLC, an investment advisory firm.
Miami-based…
Source: https://www.wsj.com/articles/deutsche-bank-must-face-lawsuits-alleging-it-enabled-ponzi-scheme-11648757787?mod=itp_wsj&yptr=yahoo