TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit

TD Bank will pay $1.2 billion to settle a lawsuit alleging its involvement in an infamous $7 billion Ponzi scheme orchestrated by disgraced financier Allen Stanford more than a decade ago. Toronto-Dominion Bank agreed to pay $1.205 billion to a court-appointed receiver who will in turn pay back…#tdbank #ponzi #allenstanford #torontodominionbank #stanford #houston #antigua #hsbc #independentbank #bankofhouston
Source: Reuters: Health - Category: Consumer Health News Source Type: news