/PRNewswire/ On Tuesday, Tanglewood Total Wealth Management®, a comprehensive wealth management firm in Houston, was ranked #58 on the CNBC FA 100 list..
WORCESTER Leominster-based Fidelity Bank and its former President John F. Merrill agreed to pay $22.5 million Friday to settle claims against them in a class-action lawsuit over the multibillion-dollar TelexFree Ponzi scheme.
The bank allowed TelexFree one of the owners of whom is Merrill’s brother to deposit large sums of money in bank accounts shortly before the scheme unraveled, though Merrill and the bank have not been criminally charged.
A lawyer for Fidelity, Ian D. Roffman, said Friday the bank and Merrill continue to deny any prior knowledge that TelexFree was a scam, and are confident they might have walked away paying nothing had they chosen not to settle.