Farmington • Twenty investors who lost money in a Utah rare-coin dealer’s alleged $170 million Ponzi scheme are suing Zions Bank, claiming bankers ignored red flags in the dealer’s deposits and withdrawals that would have exposed the con game.
“We think they knew,” said Alan Rosca, one of the attorneys who filed the proposed class-action lawsuit against Zions Bancorporation in U.S. District Court in Utah on Tuesday. “We think they dropped the ball here.”
The investors are suing to recoup some of the money they say they lost in a scheme revealed in November, when the U.