A Henderson, Iowa man is taking his bank to small claims court after losing money in an international investment scam in which his bank was defrauded.
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Iowa bank defrauded in investment scam, customer demands reimbursement in court
John Scherle invested more than $6,000 through TS Prosperity, the investment arm of Treynor-based TS Bank, which was among more than 100 victims of a scheme federal prosecutors described as “Ponzi-like.”
“I got a phone call, and they said ‘We, we lost your money.’ And I said, ‘Oh, well the market goes up and down and, you know, things happen.’ You know, I guess. And they said, ‘No. WE LOST YOUR MONEY,'” Scherle said…