3-Month TD Bank Trial in $4.5B Stanford Ponzi Scheme Closes A written judgment from the court is expected in a few months. In closing arguments at the Ontario Superior Court this week, lawyers for the court-appointed joint liquidators of Stanford International Bank (SIB) alleged negligence and “knowing assistance” by TD in providing a correspondent banking account that Stanford used to perpetuate fraud. TD’s lawyers said the bank did not know about the fraud, and that damages should be limited to the estimated $5 million in profit from its relationship with SIB. Stanford is serving a 110-year prison term in the United States after being convicted in 2012 of running a $7.2 billion Ponzi scheme.