Bank Denies Knowledge Of Real Estate Ponzi Scheme

By Quinn Wilson · August 8, 2023, 6:31 PM EDT

Umpqua Bank denied having any knowledge of a Ponzi scheme orchestrated by a now-deceased real estate investment manager, telling a California federal judge Monday that a suit lodged by investors should...

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Documents

Case Information

Case Title

Bagatelos et al v. Umpqua Bank

Case Number

3:23-cv-02759

Court

California Northern

Nature of Suit

Other Fraud

Date Filed

June 02, 2023

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