TD Bank agrees to settle Stanford matter in ‘massive’ Ponzi scheme for $1.2 billion

By Elizabeth Raymer ( February 27, 2023, 2:11 PM EST) -- The Toronto-Dominion Bank has agreed to pay US$1.2 billion to settle claims related to the bank’s involvement in a Ponzi scheme perpetrated by the convicted American fraudster who headed the Stanford Financial Group. Several other banks have also reached settlements in the matter....