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Lawsuit over Ponzi scheme seeks $1 billion from M&I

Lawsuit over Ponzi scheme seeks $1 billion from M&I

By the Journal Sentinel. CREATED Apr 2, 2012

As the banker for a Minnesota man who ran a multibillion-dollar Ponzi scheme, M&I Bank should be forced to pay more than $1 billion to investors burned by the scheme, a lawsuit pending in Florida bankruptcy court charges.