According to the New York Times, TD Bank agreed to pay $1.2 Billion to settle a Ponzi Scheme Case.
- Where is TD Bank headquartered?
- When did the Ponzi Scheme happen and what entity or entities did it involve?
- How much did the scheme cost investors?
- Why did TD agree to settle with the receiver?
Goldstein, M. (2023). TD Bank Agrees to Pay $1.2 Billion to Settle Ponzi Scheme Case. The New York Times, Feb. 27 (Retrievable online at https://www.nytimes.com/2023/02/27/business/stanford-ponzi-scheme-settlement.html).