Ponzi scheme victims name Royal Bank, B.C. financial services regulator in class action lawsuit

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A middle-aged man with unruly hair and a grey beard tilts his head as he speaks.

Three men who lost money to Ponzi schemer Greg Martel have filed a class action lawsuit claiming the bank and the regulator "enabled the [Ponzi] scheme to persist unchecked for years, resulting in massive and avoidable investor losses."

source https://www.cbc.ca/news/canada/british-columbia/ponzi-victims-class-action-lawsuit-1.7527078?cmp=rss

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