The Globe and Mail reports in its Tuesday edition that Scotiabank paid music-industry-funding non-profit FACTOR $11-million last March to settle a long-standing dispute over the theft of $9.8-million from FACTOR's bank account two years ago. The Globe's Josh O'Kane writes the two organizations declined to reveal the value when The Globe first reported on the settlement in June. But the amount was disclosed in an independent auditor's report prepared by Farnham Accountants + Advisors as part of FACTOR's latest annual report. The report did not disclose who paid the money, but described it having been provided in March. Though there are numerous parties in the legal case, court filings show that Scotiabank is the only one that settled with FACTOR that month. The June, 2024, heist of FACTOR's funds, by someone who gained access to the non-profit's Scotiabank account five months earlier, was one of the largest thefts in Canadian cultural history. The $9.8-million was taken from FACTOR's bank account barely a week after the Department of Canadian Heritage deposited $14,349,500 into the account to be disbursed across the music industry. The money was destined for a wide range of music industry programs supported by FACTOR.