Umpqua Bank’s corporate offices in downtown Portland. MARK GRAVES/THE OREGONIAN LC-Mark Graves/The Oregonian
For the third time in just over a decade, the Portland-based Umpqua Bank has been accused of aiding and abetting a massive Ponzi scheme that cost investors millions of dollars.
The latest involved Kenneth J. Casey, a prominent investor, philanthropist and political contributor in Marin County, a wealthy enclave north of San Francisco. Upon Casey’s death in May 2020, the executor of his estate discovered that Casey and an associate operated a decades-long Ponzi scheme through which he defrauded more than 1,000 victims.
Note to readers: if you purchase something through one of our affiliate links we may earn a commission.
