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27 July 2012 – TD Bank denies wrongdoing after court convicts U.S. fraudster in $7B Ponzi scheme (National Post)
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CreatedThursday, 26 July 2012
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Last modifiedWednesday, 12 September 2012
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Favourites756 27 July 2012 – TD Bank denies wrongdoing after court convicts U.S. fraudster in $7B Ponzi scheme (National Post) /icc_2527/index.php/home/news/90-fraudnet-and-its-members-in-the-news/756-27-july-2012-td-bank-denies-wrongdoing-after-court-convicts-u-s-fraudster-in-7b-ponzi-scheme-national-post
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FraudNet member for the ||British Virgin Islands|| ||Martin S Kenney||, of ||Martin Kenney & Co, Road Town||, and Marcus Wide, of Grant Thornton, respectively co-general counsel and liquidator of Stanford International Bank Ltd (In Liquidation), the Antiguan bank owned by Robert Allen Stanford, the Texas tycoon who earlier this year was found guilty of 13 counts of fraud and sentenced to 110 years in prison by a US court in Houston in the context of his US$7 billion Ponzi scheme, were interviewed by the National Post on the landmark multi-billion suit filed before the Superior Court of Quebec for negligence and knowing assistance against Toronto Dominium Bank, who was Stanford’s main foreign bank, through which more than US$ 9 billion were paid by his victims. Click here to read the article.