• 09/21/2024

Bank of Montreal Forced to Pay Hefty Interest on $564 Million Ponzi Verdict

Wall Street Journal

A district court ruled that BMO Harris must pay pre-and-post-judgment interest on a verdict that the bank aided and abetted a Ponzi scheme conducted by convicted felon Thomas Petters.

https://www.wsj.com/articles/bank-of-montreal-forced-to-pay-hefty-interest-on-564-million-ponzi-verdict-c31d78ac