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According to the New York Times, TD Bank agreed to pay $1.2 Billion to settle a Ponzi Scheme Case.


  1. Where is TD Bank headquartered?
  2. When did the Ponzi Scheme happen and what entity or entities did it involve?
  3. How much did the scheme cost investors?
  4. 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