Bank of Bermuda targeted in class action lawsuit
The Bank of Bermuda (Cayman) Limited is a defendant in a class action civil lawsuit filed in the United States on behalf of over 1,000 victims of an alleged $300 million Ponzi scheme known as Cash 4 Titles. The bank appears to be the 'deep pocket' of the eight named defendants in the complaint, which has been filed in Miami, Florida, under the Racketeering Influenced and Corrupt Organizations Act.