Ponzi Scheme Settlement: TD Bank to Pay $1.2 Billion to Resolve Investor Suit

https://www.bloomberg.com/news/articles/2023-02-27/td-bank-to-pay-1-2-billion-to-resolve-suit-tied-to-ponzi-scheme
Toronto-Dominion Bank agreed to pay more than $1.2 billion to settle a lawsuit by investors claiming it aided R. Allen Stanford’s $7 billion Ponzi scheme more than a decade ago, according to a regulatory filing Monday and a court-appointed receiver.