Bloomberg – A former hedge-fund manager sued Royal Bank of Scotland Group Plc (RBS)’s NatWest unit claiming the bank ignored evidence its accounts were used to conduct what may be one of Britain’s biggest Ponzi schemes, in which he lost about 19.3 million pounds ($30 million).
He and the firm he founded, Jeremy D. Stone Consultants Ltd., sued NatWest and one of its managers, Paul Aplin, for negligence, dishonest assistance, deceit and conspiracy, seeking about 24 million pounds. The complaint was filed in London in April and made available by the court last week.
