Chase Bank Can't Ditch Claims It Aided $119M Ponzi Scam
Law360 reported on the April 21, 2025 order in Stapleton v. JPMorgan Chase Bank, N.A., No. 3:24-cv-04947 (N.D. Cal.), which allowed the court-appointed receiver for Silicon Sage Builders to proceed against JPMorgan Chase on claims that the bank aided and abetted fraud, breach of fiduciary duty and conversion in an alleged $119 million Ponzi scheme. The court dismissed only a standalone claim for unjust enrichment. Reiser Law, P.C. is among counsel for the receiver.
Dorothy Atkins, Law360
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