A federal jury said BMO Financial Group (NYSE: BMO), the parent of BMO Harris and the fourth-largest bank in the Twin Cities, must pay more than $563 million to victims of the Tom Petters fraud case. With interest, the bank could be liable for nearly $1 billion.
The Pioneer Press reports that the verdict is thought to be the largest-ever financial penalty handed out by a jury in Minnesota, and it's connected with the state's largest-ever financial crime: The $3.65 billion Ponzi scheme orchestrated…
