TD Bank paying $52.5 million to settle US regulators' charges linked to Ponzi scam

  • by: MARCY GORDON , Associated Press
  • Updated: September 23, 2013 - 6:40 PM

WASHINGTON — TD Bank is paying $52.5 million to settle U.S. allegations it failed to report suspicious activity in accounts linked to a $1.2 billion Ponzi scheme and lied about the accounts to investors.

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