A lender known as the “bank to the stars” is being sued for $770 million for allegedly aiding and abetting a Hollywood Ponzi scheme. Plaintiffs for the lawsuit accuse the Los Angeles-based lender City National Bank (CNB) of enabling a fraudulent scheme that bilked hundreds of investors, reports the Los Angeles Times. The lawsuit alleges The post ‘Bank to the Stars’ Facing $770,000,000 Lawsuit for Allegedly Aiding Ponzi Scheme, Ignoring Glaring Red Flags: Report appeared first on The Daily Hodl .
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