๐ฐ News12 March 2026ยท2 min readยท
Ponzi Scheme Victims Sue JPMorgan for Banking $328M Goliath Ventures Fraud
Source: coindesk
A proposed class action lawsuit has been filed against JPMorgan Chase, alleging the bank provided 'essential banking infrastructure' for Goliath Ventures' alleged $328 million Ponzi scheme. Plaintiffs claim that red flags were present that should have made the fraudulent scheme 'obvious' to the bank. The case raises broader questions about financial institutions' due diligence obligations when onboarding high-risk clients.
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