The 3-0 decision by the St. Paul, Minnesota-based court overturned a November, 2022, jury verdict
persuaded a U.S. appeals court on Thursday to throw out a US$564-million jury verdict against a subsidiary over its role in an approximately $3.65-billion Ponzi scheme run by convicted Minnesota businessman Tom Petters .
, and directed that trustee Douglas Kelley’s case against BMO be dismissed. Petters is serving a 50-year prison term after being convicted in 2009 on 20 criminal counts including fraud and money laundering.
Bmo Kelley Trustee Case Bank Court Madoff Bernard Madoff 8Th U.S. Circuit Court Of Appeals Jpmorgan Chase
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