Illinois Appellate Court
Civil Court
Fraud
Plaintiffs opened IRAs with Defendant bank, and sued bank for losses as result of alleged Ponzi scheme by owner of fund in which they invested their IRAs. Court did not err in dismissing all claims against bank, as IRA agreement signed by Plaintiffs specifically provided that bank had no duty to investigate actual value of funds, and contained release and hold harmless language. (LAVIN and FITZGERALD SMITH, concurring.)