Banking Misconduct Blog


Associated Bank Challenge Fails in Ponzi Lender Liability Suit – Hope for Victims

Associated Bank Challenge Fails in Ponzi Lender Liability Suit – Hope for Victims

Associated Bank is back in the spotlight. The Green Bay, Wisconsin bank has lost its second challenge against a lender liability lawsuit alleging the bank aided in a scheme defrauding 700 investors out of nearly $200 million by violating the Bank Secrecy Act and federal anti-money laundering regulations. Luckily, a court-appointed receiver continues to pursue the case and the victims could potentially recover some of their losses.

Associated Bank’s String of AML Law Violations

Back in 2012, the Comptroller of the Currency alleged Associated Bank’s practices were in violation of anti-money laundering (AML) regulations and the Bank Secrecy Act. The claims resulted in a consent judgement and Associated agreed to take remedial measures....


Supreme Court Revives Lender Liability Suit against Bank of America

Nevada state law recommends that bank account owners check their monthly statements regularly for unauthorized or suspicious transactions and promptly report any findings. The statute of repose protects the bank from liability for unauthorized transactions that are not reported by the customer...


A Stonewalling Session with Brian Moynihan, CEO, Bank of America

Brian Moynihan, Bank of America’s chief executive officer, just filed his deposition with the court in late November. I’ve read eerily similar transcripts in mobster cases. Is there a Guinness World Record for the most stonewalling? Moynihan has to be right up there with the...