TD Bank Lawsuit: The Bank to Pay $1.2 Billion in Settlement for a Ponzi Scheme Lawsuit TD Bank Lawsuit , the American subsidiary of Toronto-Dominion Bank, has agreed to pay $1.2 billion to settle a lawsuit related to its role in a Ponzi scheme run by Florida lawyer Scott Rothstein. Rothstein, who is currently serving a 50-year prison sentence for his crimes, ran a massive Ponzi scheme in which he sold investments in phony legal settlements to investors. He used TD Bank Lawsuit accounts to launder the funds and keep the scheme going. What was the lawsuit about? The lawsuit, which was filed by investors who lost money in the scheme, alleged that TD Bank Lawsuit ignored warning signs and allowed Rothstein to continue his illegal activities for years. The bank was accused of turning a blind eye to suspicious activity and failing to properly monitor Rothstein’s accounts. The settlement was reached after years of legal battles, including a previous settlement offer of $170 million that...