Cowburn v. Leventis

HEARN, C.J.:

James Cowburn brought several causes of action against Andrew Leventis and Fidelity National Bank related to his investment in a Ponzi scheme. 1 Both Leventis and Fidelity made motions for summary judgment, which the trial court granted. We affirm in part, reverse in part, and remand.

FACTS

James Cowburn contributed financially to a series of investments collectively known as the “Cash 4 Titles Program” (the Program). The Program, as it was described to Cowburn, engaged in the business of issuing short-term, high interest rate notes and bonds for the purpose of funding the…