{"id":10976,"date":"2023-03-28T11:11:45","date_gmt":"2023-03-28T15:11:45","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10976"},"modified":"2023-03-28T11:11:45","modified_gmt":"2023-03-28T15:11:45","slug":"td-bank-settles-lawsuit-over-stanford-financial-group-ponzi-for-1-2b","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/td-bank-settles-lawsuit-over-stanford-financial-group-ponzi-for-1-2b\/","title":{"rendered":"TD Bank Settles Lawsuit Over Stanford Financial Group Ponzi For $1.2B"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10205 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg\" alt=\"When a Ponzi scheme is finally uncovered and stopped, many wonder how it could continue without anyone noticing something was wrong. Do banks that handle fraudulent transactions have any internal processes, or do they simply look the other way?  In a long-standing case beginning in 2009, banks that facilitated transactions for one of the biggest Ponzi scheme since Bernie Madhoff have agreed to settle in order to avoid litigation and the uncertainty of a trial. More banks participating in cryptocurrency transactions without due diligence could be next in fines and legal action.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>When a Ponzi scheme is finally uncovered and stopped, many wonder how it could continue without anyone noticing something was wrong. Do banks that handle fraudulent transactions have any internal processes, or do they simply look the other way? <a href=\"https:\/\/www.silverlaw.com\/blog\/td-bank-settles-lawsuit-over-stanford-financial-group-ponzi-for-1-2b\/#more-10976\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When a Ponzi scheme is finally uncovered and stopped, many wonder how it could continue without anyone noticing something was wrong. Do banks that handle fraudulent transactions have any internal processes, or do they simply look the other way? Continue reading \u203a<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602,593],"tags":[],"class_list":["post-10976","post","type-post","status-publish","format-standard","hentry","category-class-action","category-ponzi-schemes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TD Bank Settles Lawsuit Over Stanford Financial Group Ponzi<\/title>\n<meta name=\"description\" content=\"Banks that facilitated transactions for one of the biggest Ponzi scheme since Bernie Madhoff have agreed to settle.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/td-bank-settles-lawsuit-over-stanford-financial-group-ponzi-for-1-2b\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"TD Bank Settles Lawsuit Over Stanford Financial Group Ponzi\" \/>\n<meta name=\"twitter:description\" content=\"Banks that facilitated transactions for one of the biggest Ponzi scheme since Bernie Madhoff have agreed to settle.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/10\/FiverrLossesSmall.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"TD Bank Settles Lawsuit Over Stanford Financial Group Ponzi","description":"Banks that facilitated transactions for one of the biggest Ponzi scheme since Bernie Madhoff have agreed to 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