Deutsche Bank Fails to Knock Out Ponzi Scheme Aid Lawsuit (1)

Deutsche Bank AG narrowed but didn’t eliminate claims that it turned a blind eye to a high-dollar Ponzi scheme and even aided and abetted it.

Some of the companies that brought the suit and two Deutsche Bank subsidiaries are out of the litigation, the US District Court for the Southern District of Florida said Thursday. But otherwise the claims survive summary judgment and can head toward trial, Judge Beth Bloom said.

The evidence in the case “supports that at least two bank employees had knowledge of the Ponzi scheme,” Bloom said.

The lawsuit is among a dozen filed over a ...