Second largest lender in Canada on trial for role in $7.2 billion Stanford Ponzi scheme - AML Intelligence
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Second largest lender in Canada on trial for role in $7.2 billion Stanford Ponzi scheme

Canada’s second-biggest lender faces a three-month long trial which could lead to it forking out up to C$5.5 billion in damages for involvement in a Ponzi scheme.

Toronto-Dominion Bank (TD) – headquartered in downtown Toronto – will defend itself in a Canadian court from Monday. It faces charges of “negligence and knowing assistance,” in one of the most famous fraud cases of the 2010s.

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