Two final thoughts that still bother me about the Scott Rothstein Ponzi scheme and his principal banker:
(1) How could the entire TD Bank compliance department ignore all those hits from the bank's AML software ? Obviously, someone in senior management trumped compliance. Why is he not being held accountable ?
(2) The $52m fine, according to one of the lawyers for the Ponzi victims, is insufficient, as it represents only a drop in the bucket, when compared to the bank's annual profit; he's right. Next time, how about a real punishment.