Federal lawsuit filed against Lebanese banks and their American affiliates for defrauding U.S. depositors

May 17th, 20240 WASHINGTON, D.C. — According to a complaint filed May 15 in federal court, for years, Banque du Liban (BDL), Byblos Bank, S.A.L. (Byblos) and others (together, the “Lebanese Banking Enterprise”) have stolen billions of dollars from U.S. depositors. These U.S. citizens and residents claim the Lebanese Banking Enterprise...