The Globe and Mail reports in its Tuesday edition that TD Bank is set to pay more than $20-million as part of a deal with U.S. authorities to resolve an investigation into a former employee's fraud trading tactics (all figures U.S.). A Reuters dispatch to The Globe says that TD entered into a three-year deferred prosecution agreement, the U.S. Department of Justice said on Monday in a filing with the New Jersey Federal Court. The agreement will end the criminal and civil probe, which according to the filing involved "placing hundreds of fraudulent spoof orders amounting to tens of billions of dollars of false supply and demand in the secondary market for U.S. Treasuries" by former trader Jeyakumar Nadarajah. The bank will pay a $12.5-million criminal penalty to resolve civil investigations on top of a nearly $9.5-million criminal penalty related to the agreement. The bank will also pay $4.7-million in victim compensation and $1.4-million in forfeiture. The settlement comes as the Canadian lender nears a deal to plead guilty to separate government charges that TD's U.S. retail bank possibly failed to curb money laundering tied to Chinese crime groups and illicit fentanyl sales, according to the Wall Street Journal.