Phil Rosemann v. St. Louis Bank

SMITH, Circuit Judge.

This case continues to chronicle the legal consequences flowing from Martin Sigillito’s Ponzi scheme known as the British Lending Program (BLP). See, e.g., Aguilar v. PNC Bank, N.A., 853 F.3d 390 (8th Cir. 2017); United States v. Sigillito, 759 F.3d 913 (8th Cir. 2014). Sigillito maintained commercial accounts at defendant St. Louis Bank during the Ponzi scheme’s life. In this case, the plaintiffs, seeking to recoup losses due to the BLP, sued St. Louis Bank, alleging (1) violations of Missouri’s Uniform Fiduciaries Law (UFL); (2) aiding and abetting the breach of…