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Pavel Durov, founder of encrypted messaging platform Telegram, has been placed under formal investigation in France, where authorities have charged him with money laundering and several other crimes, Le Monde reported. More A cybersecurity firm found that Telegram hosted nearly 1 million images of stolen checks for sale, American Banker reported. More TD Bank will soon announce the appointment of a new chief executive amid an ongoing U.S. investigation that will probably bring hundreds of millions of dollars of fines against the lender, according to 10 shareholders interviewed by Reuters. More Michael Lacey, founder of classified website Backpage.com, will spend...