Tagged with "Keith Simmons"

CommunityOne Bank Sued by Investors in Ponzi Scheme Who Lost Millions

Posted on October 2nd, 2015 at 3:13 PM
CommunityOne Bank Sued by Investors in Ponzi Scheme Who Lost Millions

Almost three dozen investors have sued CommunityOne Bank alleging that the bank knew of a Ponzi scheme which led to more than $10 million in losses. The case revolves around Keith Simmons and his firm, Black Diamond Capital Solutions, which Simmons presented as a foreign currency trading program that later was unraveled as a scheme. 

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