A $7 billion Ponzi scheme that busted 14 years ago just settled for $1.6 billion the day a trial was set to begin

A $7 billion Ponzi scheme that busted 14 years ago just settled for $1.6 billion the day a trial was set to begin

Upworthy

Published

Toronto-Dominion Bank said Monday it 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. Settlements also were reached with HSBC Holdings Plc, which will pay another $40 million, and Independent…

#torontodominionbank #rallenstanfords #hsbcholdingsplc #bankofhouston #ralphjanvey #stanford #houston #caribbean #antigua #kevinsadler

Full Article