Investments in First Nationle Solutions, Percipience Global Corp., and United RL Capital Services

Case Name
(Date)
Heinert et al v. Bank of America, N.A. et al
19-cv-6081, W.D.N.Y.
(Jan. 2019)
Product/Service Investments in financial services, insurance, real estate development, and medical laboratories
Allegations Operating a Ponzi Scheme that promotes lucrative investments when the money invested was used to pay off earlier investors
Status Dismissed (Bank defendants, Siwik, and Santillo et al);
Dismissal of claims against certain defendants affirmed on appeal
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A fraudulent investment operation that tricks investors into thinking that they will earn lots of money on a short-term investment, when, in reality, there isn’t any investment opportunity at all. Rather, the promoter just uses the money from new recruits to pay off the older investors. In other words, stealing from Peter to give to Paul.

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