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An attorney representing liquidators for four bankrupt Cayman Islands companies told a federal jury in Miami on Monday that Deutsche Bank was aware the owners of those companies were operating a Ponzi scheme that stole $155 million of investors' money but chose not to do anything about it.
A Florida federal jury on Tuesday awarded $95 million in damages to liquidators representing four Cayman Island companies that accused Deutsche Bank of ignoring a Ponzi scheme, saying the bank was negligent for allowing fraudsters to use accounts to siphon investor money and wire funds to entities around the world.
Carnival Corp. has asked a Florida federal judge for a new trial after a jury awarded $10.2 million to a female ship passenger on sexual assault allegations, arguing that hearsay FBI notes indicating a consensual encounter were presented to the jury — despite their being told she was falsely imprisoned.
Several celebrities have asked a Florida federal court to drop a proposed class action brought against them by FTX investors alleging securities violations and unfair trade practices, saying they weren't the ones who deceptively caused customers to purchase yield-bearing accounts or sold any of the company's products.
A Florida federal court has ordered a Miami trader and his companies to pay a more than $16 million penalty in a suit brought by the U.S. Commodity Futures Trading Commission over allegations that he convinced investors to pour money into a nonexistent investment pool and spent the cash on personal expenses.