| Verdict Against Bank In Ponzi Scheme Is Rare |
| Friday, 20 January 2012 07:46 |
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A $67 million verdict Wednesday against a bank for allegedly aiding in a $1.2 billion Ponzi scheme is rare, but should serve as a cautionary note for credit unions and other financial institutions on the importance of compliance with the Bank Secrecy Act and its anti-money laundering provisions. More |