July 09, 2015
An alleged co-conspirator in the U.S. Securities and Exchange Commission's suit accusing Millennium Bank of running a $130 million Ponzi scheme was ordered in Texas federal court Wednesday to pay about $1.6 million in disgorgement, interest and penalties.
April 15, 2015
Millennium Bank agreed to pay $75.5 million to resolve claims brought by the U.S. Securities and Exchange Commission in connection with a $130 million Ponzi scheme that bilked investors out of more than $75 million, the parties told a Texas federal judge on Wednesday.
February 11, 2011
Former Millennium Bank Executive Director Philippe Angeloni, accused of helping orchestrate a $68 million Ponzi scheme, has settled with the U.S. Securities and Exchange Commission for an amount to be determined by the court.