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Securities and Exchange Commission v. MJ Capital Funding, LLC et al
Case Number:
0:21-cv-61644
Court:
Nature of Suit:
Judge:
Firms
Government Agencies
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July 05, 2023
Investor Attys Land $6.6M For Wells Fargo Ponzi-Aiding Suit
Attorneys for a proposed class of Wells Fargo investors will receive nearly $6.6 million after brokering a $26.6 million settlement of claims that the bank neglected to follow its own policies to stop money laundering — and thereby aided and abetted a Ponzi scheme carried out by its customers.
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April 12, 2023
Attys Want $6.6M In Fees For Settling Wells Fargo Ponzi Suit
A trio of Florida law firms are requesting $6.6 million in fees for representing investors in a $26.6 million settlement with Wells Fargo Bank over claims that it failed to detect an alleged Ponzi scheme operated by customers.
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March 21, 2023
Wells Fargo To Settle Ponzi Suit Claims For $26.6M
Wells Fargo Bank NA has agreed to pay out $26.6 million to end a lawsuit alleging it failed to prevent a $200 million fraud that is the crux of a U.S. Securities and Exchange Commission lawsuit, with a Florida federal judge moving the settlement one step closer to final approval on Tuesday.
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September 06, 2022
Fla. Judge Extends Pause On 'Mother Theresa' Ponzi Suit
A Florida federal judge on Tuesday extended a pause on proceedings until details of a settlement are finalized in a class action suit in which Wells Fargo is accused of aiding Ponzi schemers, including one dubbed "Mother Theresa," who allegedly defrauded investors of millions.