BMO appeals $834.2m charge following loss of Ponzi scheme lawsuit in the US

One of largest Ponzi schemes in history

Valeria Martinez
clock • 2 min read

Canadian bank BMO has appealed an $834.2m (CAD1.1bn) charge it has been forced to record after a US jury found the bank liable for $564m in damages in a lawsuit related to one of the largest Ponzi schemes in history.

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