BNY Mellon To Pay MedCap Investors $114M Over Ponzi Plot

By Brian Mahoney (February 22, 2013, 12:16 PM EST) -- Bank of New York Mellon Corp. has agreed to pay $114 million to resolve investor claims in a consolidated class action over its role in Medical Capital Holdings Inc.'s massive Ponzi scheme, according to settlement documents filed Thursday in California federal court....

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