#1Jan 18th, 2012
... td is one of the banks that the harper government has openly bragged about being the best in the world. sounds pretty corrupt to me ...
Last edited by wizard; Jan 18th, 2012 at 05:39 PM..
TD Bank Found Guilty of Mass Fraud ...
... td is one of the banks that the harper government has openly bragged about being the best in the world. sounds pretty corrupt to me ...
+2
#2Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012
Sorry, but when the opening paragraph reads:
Quote:
it tends to belie your claim of "mass theft amounting to billions and billions of dollars"MIAMI - A U.S. jury decided Wednesday that Toronto-based TD Bank owes an investment group $67 million for its role in a $1.2 billion Ponzi scheme that was operated by a now disbarred attorney, Scott Rothstein.
#3
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by lone wolf
... oh it's not my claim, it was reported on the news. it didn't happen?Sorry, but when the opening paragraph reads: it tends to belie your claim of "mass theft amounting to billions and billions of dollars"
+2
#4Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by wizard
"operated by a now disbarred attorney, Scott Rothstein." ... a florida court has convicted td bank of conspiring with a lawyer to commit mass theft amounting to billions and billions of dollars. story -- ...
... td is one of the banks that the harper government has openly bragged about being the best in the world. sounds pretty corrupt to me ...
"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."
TD was integral to the scheme? Well, yeah. Sounds like it was a victim of the scam as much as others were victims, to me.
I can see appeals coming.
#5
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012
Oops.... Edit doesn't work so well if what you originally posted is copied, eh?
#6
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by L Gilbert
... td bank was the victim? not if the lawyer was using td bank to commit the fraud. it's just not credible to say that td bank didn't know it was being used to commit a scam amounting to over a billion dollars ..."Testimony and court documents show that Rothstein used an account at a TD Bank branch as an integral part of the scheme."
TD was integral to the scheme? Well, yeah. Sounds like it was a victim of the scam as much as others were victims, to me.
I can see appeals coming.
+2
#7Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by L Gilbert
This is the part that I loved."operated by a now disbarred attorney, Scott Rothstein."
"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."
TD was integral to the scheme? Well, yeah. Sounds like it was a victim of the scam as much as others were victims, to me.
I can see appeals coming.
Quote:
A man convicted of fraud would never lie, right? Lol.Rothstein, however, insisted during the 10-day deposition that his only hope of eventual freedom was to tell the full truth.
"I would be a fool to lie," he said, according to testimony transcripts.
The only part to me that looks like TD may have had some involvement is the former CEO or whatever, whom Rothstein claims to have paid off. But nothing in the article about the money trail or evidence of the payoff. Just a he said, he said.
Still a jury did find some liability, doesn't mean the entire operation is fraudulent though.
Quote: Originally Posted by lone wolf
C'mon, $67 million/billions and billions. Potato/tomato. Don't get so hung up on semantics man. Sorry, but when the opening paragraph reads: it tends to belie your claim of "mass theft amounting to billions and billions of dollars"
+3
#8 Top Rated PostRe: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012
Somebody's off his meds again
#10
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by lone wolf
... been defrauded by td a few times. won't go near 'em ...They turn you down for a loan?
+2
#11Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by wizard
lmao... td bank was the victim? not if the lawyer was using td bank to commit the fraud. it's just not credible to say that td bank didn't know it was being used to commit a scam amounting to over a billion dollars ...
You scam someone into lending you their tools and then you go rob a jewelry store with those tools, it isn't the person that you borrowed the tools from that should be doing the Jailhouse Rock.
Quote: Originally Posted by SLM
Of course not.This is the part that I loved.
A man convicted of fraud would never lie, right? Lol.
Quote:
O'd like to see more of the Miami fed court proceedings, for sure. lolThe only part to me that looks like TD may have had some involvement is the former CEO or whatever, whom Rothstein claims to have paid off. But nothing in the article about the money trail or evidence of the payoff. Just a he said, he said.
Still a jury did find some liability, doesn't mean the entire operation is fraudulent though.
Quote:
lolC'mon, $67 million/billions and billions. Potato/tomato. Don't get so hung up on semantics man.
#12
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by L Gilbert
... td bank was clearly participating in the laundering of the proceeds of the lawyer's criminal theft in this case. in some countries money laundering is illegal ...lmao
You scam someone into lending you their tools and then you go rob a jewelry store with those tools, it isn't the person that you borrowed the tools from that should be doing the Jailhouse Rock.
+1
#13Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by wizard
better head for Miami and lodge a complaint with the feds then.... been defrauded by td a few times. won't go near 'em ...
#14
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by L Gilbert
... yeah, 'cause you won't ever see the canadian government taking action against 'em ...better head for Miami and lodge a complaint with the feds then.
#15
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by L Gilbert
Great! Now I'll have Elvis in my head all evening, thank you very much! lmao
You scam someone into lending you their tools and then you go rob a jewelry store with those tools, it isn't the person that you borrowed the tools from that should be doing the Jailhouse Rock.
Quote:
So would I, I'd like to see what politicians he's bribed too. Apparently there were "lots" of them.O'd like to see more of the Miami fed court proceedings, for sure. lol
Joking aside, I trust the big banks about as far as I can throw them. Just the legit bank fees alone are frigging criminal!
#16
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by wizard
Look, dingbat, banks are just as prone to scams as people are. Especially by sleazy lawyers. Explain how the bank would know it's taking part in the laundering if the lawyer had conned the bank.... td bank was clearly participating in the laundering of the proceeds of the lawyer's criminal theft in this case. in some countries money laundering is illegal ...
Sounds to me if anything, the bank had been lax in its duties. That means that it didn't take an active part in the scam.
"The Coquina trial focused on a bank’s responsibility to know its customers and to detect fraud under the Bank Secrecy Act and its anti-money-laundering provisions.
“I think we were all surprised at how much they let go. At any point, they [TD Bank executives] could have stopped it,” said the jury foreperson, who asked not to be identified." --
Quote: Originally Posted by wizard
lol You're joking, right? The TD is immensely richer than the Canadian gov't.... yeah, 'cause you won't ever see the canadian government taking action against 'em ...
Quote: Originally Posted by SLM
Sorry. lolGreat! Now I'll have Elvis in my head all evening, thank you very much!
Quote:
I have no love for banks either but I hate lawyers more, even if they are a goofy bunch that work for that other place's fed. lolSo would I, I'd like to see what politicians he's bribed too. Apparently there were "lots" of them.
Joking aside, I trust the big banks about as far as I can throw them. Just the legit bank fees alone are frigging criminal!
#17
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by L Gilbert
... i'm not a dingbat ...Look, dingbat, banks are just as prone to scams as people are. Especially by sleazy lawyers. Explain how the bank would know it's taking part in the laundering if the lawyer had conned the bank.
... and, yes, banks DO partake in criminal activity and td bank DID get convicted in this case. in this ecomony banks will do anything to make cash, including engaging in criminal activity such as theft and money laundering, which is what this story is all about ...
#18
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by L Gilbert
Lawyers, bankers, politicians, they all have their own special circle of hell right? Or did Dante leave em out? (Maybe he was afraid he wouldn't get his loan!)I have no love for banks either but I hate lawyers more, even if they are a goofy bunch that work for that other place's fed. lol
+1
#19Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012
Yes you are a dingbat and a jury decision in a civil trial is not really worth the newsprint you got this from.
+1
#20Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by wizard
You're not very good at convincing people of that.... i'm not a dingbat ...
Quote:
Get real. Banks in Canada don't need to resort to criminal activity to make money. It's rolling in by the billion. ... and, yes, banks DO partake in criminal activity and td bank DID get convicted in this case. in this ecomony banks will do anything to make cash, including engaging in criminal activity such as theft and money laundering, which is what this story is all about ...
Bank profits in 2010:
BMO - $2.81 billion (up 36% from 2009)
CIBC - $3.25 billion (up 13% from 2009)
National Bank - $1.03 billion (up 21% from 2009)
Royal - $5.22 billion (up 35% from 2009)
Scotia - $4.24 billion (up 20% from 2009)
TD Canada Trust - $4.6 billion (up 49% from 2009)
2011: Big banks made $22.4B in 2011 - Business - CBC News
I bet after this all blows over and the board at TD assesses things and if it finds out there were employees fudging things, we'll see heads rolling in the FL TD bank.
Quote: Originally Posted by SLM
lol Lawyers, bankers, politicians, they all have their own special circle of hell right? Or did Dante leave em out? (Maybe he was afraid he wouldn't get his loan!)
Bankers would be in the 4th and maybe the 8th of Dantes circles. Lawyers would be in the 7th and 8th.
#21
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012
I'd say with all the slamming and libel, you might want to watch out for some more persecution ... and if they call up your fantasies from here, the judge will laugh in your face.
Google search is sooo easy
Google search is sooo easy
#22
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by wizard
Check further, it smell like a bit of bullsh&t.... a florida court has convicted td bank of conspiring with a lawyer to commit mass theft amounting to over a billion dollars. story -- ...
... td is one of the banks that the harper government has openly bragged about being the best in the world. sounds pretty corrupt to me ...
Quote: Originally Posted by taxslave
Of the first water! Yes you are a dingbat
+1
#23Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012
It would seem to me to be the employees who participated in the scheme that should
be held accountable not the entire bank. That makes no sense at all. I don't like TD
never did but this is a case that they should not be paying for the sins of others.
The problem is the US is a sue me happy nation and the judges and the lawyers and
the juries all enjoy the ride like some Gerry Springer show its a constant.
be held accountable not the entire bank. That makes no sense at all. I don't like TD
never did but this is a case that they should not be paying for the sins of others.
The problem is the US is a sue me happy nation and the judges and the lawyers and
the juries all enjoy the ride like some Gerry Springer show its a constant.
+1
#24Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by taxslave
Like Edith Bunker???? I like Edith Bunker, let's not be dragging her into this.Yes you are a dingbat and a jury decision in a civil trial is not really worth the newsprint you got this from.
#25
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by damngrumpy
That's my impression, too.It would seem to me to be the employees who participated in the scheme that should
be held accountable not the entire bank. That makes no sense at all. I don't like TD
never did but this is a case that they should not be paying for the sins of others.
The problem is the US is a sue me happy nation and the judges and the lawyers and
the juries all enjoy the ride like some Gerry Springer show its a constant.
#26
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012
Gotta love it; Floridians where I'm wintering here in Florida are flocking to the TD bank BECAUSE they're fed up with B of A, Whackovia' Wells Fargo and other U.S. banks either charging them exorbitant fees, getting bail-outs or going broke. "They're just more trustworthy" is the mantra I'm hearing.
#27
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by damngrumpy
Isn't the source the guy who hates every cop in Canada? It would seem to me to be the employees who participated in the scheme that should
be held accountable not the entire bank. That makes no sense at all. I don't like TD
never did but this is a case that they should not be paying for the sins of others.
The problem is the US is a sue me happy nation and the judges and the lawyers and
the juries all enjoy the ride like some Gerry Springer show its a constant.
#28
Re: TD Bank Found Guilty of Mass Fraud ...
Jan 18th, 2012Quote: Originally Posted by wizard
Wizard is everyone out to get you? Cops, ICBC and now the TD?... been defrauded by td a few times. won't go near 'em ...
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