I find this interesting in that a Bank, TD notably was involved in this scheme. Also note where these guys were sophisticated enough, that they set up a FAKE TD bank website! When this is all over for SLI, I believe I will be taking all my shares out of the digital and banking systems and getting the share certificates. I have had weird things happen with my trading accounts in the past, when I was actively trading, anyone else here have similar problems with their online accounts? Also below, its interesting to see how palms had been greased at the bank to ignore the illegal activity.

Testimony and court documents show that Rothstein used an account at a TD Bank branch as an integral part of the scheme. Conspirators in his scheme allegedly posed as TD Bank employees, and one of Rothstein's associates devised a fake TD Bank website on which fake account balances were posted for investors.

Read it on Global News: Global Toronto | TD Bank ordered to pay $67 million for role in billion dollar Ponzi scheme

"This bank was integral to the fraud, and the fact is that it could not have succeeded without their active participation in the Ponzi scheme," Mandel said. "TD Bank was Rothstein's partner in crime."

Spokeswoman Rebecca Acevedo said TD Bank would explore its legal options and insisted the massive fraud should be blamed squarely on Rothstein.

"We will continue to defend the bank against claims of wrongdoing," Acevedo said.

TD Bank, a subsidiary of Toronto-Dominion Bank of Canada, operates 1,280 branches in 15 states and Washington, D.C., according to the bank's website. It had $160 billion in total deposits and $202 billion in assets as of Oct. 31.

Mandel said key TD Bank employees knew of the fraud and assisted Rothstein in assuring investors their money was sound. In a lengthy sworn deposition in December, Rothstein claimed he gave former TD Bank vice-president Frank Spinosa more than $50,000 to ignore obvious signs of illegal activity.

Read it on Global News: Global Toronto | TD Bank ordered to pay $67 million for role in billion dollar Ponzi scheme