Allen Stanford is a former financier who was convicted of a Ponzi scheme in 2012. Stanford was convicted of a $7 billion fraud scheme involving certificates of deposit (CDs).

TD Bank Group announced Monday that it had agreed to a $1.21 billion settlement relating to its alleged role in a $7.2 billion Ponzi scheme involving disgraced Texas financier Allen Stanford.

Toronto-Dominion Bank has agreed to pay out US$1.205 billion to settle claims it was facing in connection to the Allen Stanford Ponzi scheme case. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY.

TD Bank will pay $1.2 billion to settle a lawsuit alleging its involvement in an infamous $7 billion Ponzi scheme orchestrated by disgraced financier Allen Stanford more than a decade ago.

tdbank-0227-ph. Toronto-Dominion Bank has agreed to pay out US$1.205 billion to settle claims it was facing in connection to the Allen Stanford Ponzi scheme case.. The bank said it would pay the ...

A federal judge ordered an end to the SEC's 16-year-old lawsuit over Allen Stanford's $7.2 billion Ponzi scheme. Stanford is serving a 110-year prison sentence after being convicted in 2012 of ...

The Ponzi scheme in the TD settlement was run for 20 years by Allen Stanford and involved more than 30,000 accounts. Stanford was sentenced to 110 years in prison for its orchestration.

A new bill has come due for R. Allen Stanford, architect of a $7 billion Ponzi scheme, who is already well into serving what is effectively a life sentence for his crimes.

Toronto-Dominion Bank has agreed to pay out US$1.205 billion to settle claims it was facing in connection to the Allen Stanford Ponzi scheme case. The bank said it would pay the amount to the ...

The Ponzi scheme in the TD settlement was run for 20 years by Allen Stanford and involved more than 30,000 accounts. Stanford was sentenced to 110 years in prison for its orchestration. Related news U ...