This case is a class action matter involving multiple financial institutions located in North America. The plaintiffs in this matter included a group of investors within a community who were victimized by an alleged fraud scheme. The plaintiffs believed they were investing in an innovative system to permanently remove body hair, but the perpetrator of the scheme took the money and laundered it through a number of offshore accounts, eventually deposited as trust checks. In total, he funneled tens of millions of dollars through one financial institution. It was alleged that the bank should have detected the fraud, and shut down the offending accounts, thereby preventing the large scale fraud.