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As a result, the court that he and his associates liable under the legal doctrine of "in pari delicto," which holds that a party cannot seek recovery if they are.
BMO wins appeal in high-stakes Ponzi scheme case. Michigan credit union lands second bank deal in Florida. A former Bank of Montreal employee is suing the bank for whistleblower retaliation and wrongful termination, claiming he was fired for reporting his concern that the bank was intentionally overcharging clients who used a foreign-exchange product. Saran's wife, Mayara Saran, is also a plaintiff in the case, alleging that BMO caused "loss of consortium," as her husband was "emotionally and physically unavailable" during and after the birth of their child due to the bank's actions. Tags: Banking Docket.
