{"id":1005,"date":"2012-01-19T00:06:54","date_gmt":"2012-01-19T00:06:54","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/01\/td_bank_ordered_to_pay_texasba"},"modified":"2022-09-19T09:54:05","modified_gmt":"2022-09-19T14:54:05","slug":"td-bank-ordered-to-pay-texasba","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/td-bank-ordered-to-pay-texasba\/","title":{"rendered":"TD Bank Ordered to Pay Texas-Based Coquina Investments $67M Over $1.2 Billion Ponzi Scheme"},"content":{"rendered":"

\t\t\t\tA jury has decided than TD Bank must pay Coquina Investments $67M for playing an assisting role in attorney Scott Rothstein’s $1.2 billion Ponzi scam<\/a>. Coquina Investments is located in Corpus Christi, Texas. TD Bank is the US arm of Toronto-Dominion Bank.<\/p>\n

The Texas securities lawsuit<\/a>, filed by Coquina, contends that TD Bank officers had an “active role” in the Ponzi scam. They allegedly helped keep the fraud going by meeting with victims to make it appear as if legitimate business was actually taking place. For example, investors would meet with Frank Spinosa, who was then a TD Bank vice president. <\/p>\n

Rothstein would tell investors that they were purchasing stakes in settlements involving sexual and employment discrimination cases that his law firm Rothstein Rosenfeldt Adler, PA had already gathered evidence for or confronted potential defendants. Apparently, the cases and the settlements were all bogus. <\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A jury has decided than TD Bank must pay Coquina Investments $67M for playing an assisting role in attorney Scott Rothstein’s $1.2 billion Ponzi scam. Coquina Investments is located in Corpus Christi, Texas. TD Bank is the US arm of Toronto-Dominion Bank. The Texas securities lawsuit, filed by Coquina, contends that TD Bank officers had […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3792,3750],"tags":[],"class_list":["post-1005","post","type-post","status-publish","format-standard","hentry","category-ponzi-scams","category-texas-securities-fraud"],"yoast_head":"\nTD Bank Ordered to Pay Texas-Based Coquina Investments $67M Over $1.2 Billion Ponzi Scheme — Investor Lawyers Blog — January 19, 2012<\/title>\n<meta name=\"description\" content=\"A jury has decided than TD Bank must pay Coquina Investments $67M for playing an assisting role in attorney Scott Rothstein's $1.2 billion Ponzi scam. — January 19, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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