BMO subsidiary says it will appeal verdict related to US$2-billion Ponzi scheme

By Elizabeth Raymer ( November 9, 2022, 4:53 PM EST) -- BMO Financial Group has announced that its U.S.-based subsidiary, BMO Harris Bank N.A., will appeal the judgment of a U.S. Federal District Court, which has awarded damages of US$564 million against the bank in a lawsuit related to a massive Ponzi scheme....