Credit: sitthiphong/Adobe Stock Validity of 'Aiding and Abetting Fraud' Claim in Ponzi Scheme Lawsuit Eyed by Pennsylvania High Court
Defendant Bryn Mawr Trust Co. argued Pennsylvania law does not recognize a cause of action for aiding and abetting fraud, but plaintiff David Marion said the state's intermediate appeals courts have long acknowledged the claim.
September 13, 2022 at 06:34 PM
3 minute read
The Pennsylvania Supreme Court on Tuesday heard arguments on whether the receiver of the assets of convicted Ponzi schemer Robert Bentley may sue Bentley's bank for aiding and abetting his fraud.
According to defendant Bryn Mawr Trust Co., no such cause of action exists under Pennsylvania law. But according to plaintiff David Marion, the state's intermediate appeals courts have long recognized the claim.
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