Apostelos

Bank Seeks to Dismiss Lawsuit by Alleged Ponzi Scheme Victims

PNC Bank has asked a federal judge to throw out a lawsuit brought by victims of William Apostelos’ alleged Ponzi scheme. The class action lawsuit filed by Dr. Rafael M. Cruz, Dr. Gloria Cruz and Dr. Rafael F. Cruz in Dayton’s U.S. District Court seeks at least $30 million in damages. The suit alleges that PNC Bank missed red flags that Apostelos used his accounts in a suspicious manner.