August 18, 2023
A Florida woman who put $600,000 into what she and prosecutors call a real estate Ponzi scheme has dropped her New Jersey federal court case against TD Bank, after she accused the lender of failing to scrutinize one of its clients that raised money from her and others for sham projects.
June 06, 2023
TD Bank argues it wasn't aware that a real estate investment group it served as a client was running a Ponzi scheme, telling a New Jersey federal judge this week that a putative class action led by a Florida woman over the relationship should be dismissed.
March 30, 2023
A Florida woman brought a putative class action against TD Bank on Wednesday for its role as the primary banking institution for a real estate investment group accused of running a Ponzi scheme, saying TD Bank did not take steps to stop the scheme or terminate its relationship with the group.