TD Bank to pay US$1.2 billion to settle Stanford Ponzi scheme lawsuit
Summary by CNN
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.
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Reuters
TD, other banks reach $1.35 bln settlements to end Stanford litigation
Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing to the imprisoned financier's massive Ponzi scheme.
TD Bank agrees to pay $1.2B US to settle lawsuit related to U.S. Ponzi schemer Allen Stanford
TD Bank has agreed to pay $1.2 billion US to settle a lawsuit it was facing related to a multi-year Ponzi scheme orchestrated by financier Allen Stanford.
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.
TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit
By Ramishah Maruf, CNN 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 victims of the scheme but denied any wrongdoing, the bank said in a statement Monday Stanford was sentenced to 110 years in prison…
TD Bank reaches $1.2 billion settlement in Ponzi scheme lawsuit
By Ramishah Maruf, CNN 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 victims of the scheme but denied any wrongdoing, the bank said in a statement Monday Stanford was sentenced to 110 years in prison…