Monthly Archives: August 2009

Stanford Investors Accuse Lawyer, Law Firm of Aiding Fraud

By Andrew Harris Three people who say they invested with R. Allen Stanford, the Texas financier accused of running a $7 billion fraud, sued New York law firm Proskauer Rose LLP and attorney Thomas Sjoblom, accusing them of aiding the deception. The investors claim that the firm and Sjoblom, listed on the Proskauer Web site […]

Ex-Stanford CFO Davis Pleads Guilty in Fraud Case

James M. Davis, chief financial officer of Stanford Financial Group Co., pleaded guilty to helping R. Allen Stanford in a $7 billion Ponzi scheme and prosecutors said he will testify against his former colleagues. Davis, 60, admitted three felony counts today before U.S. District Judge David Hittner in Houston andagreed to forfeit $1 billion. Davis […]

Stanford Victims file Class Action Suit against Trustmark National Bank, HSBC Bank PLC, The Toronto-Dominion Bank, SG Private Banking (SUISSE) S.A., and Bank of Houston TX

By Peter Morgenstern Victims of Stanford International Bank, Ltd., part of R. Allen Stanford’s Stanford Finanical Group, filed a class action lawsuit in Texas state court in Houston on August 23, alleging that Trustmark National Bank, HSBC Bank PLC, The Toronto-Dominion Bank, SG Private Banking (Suisse) S.A., and Bank of Houston “provided essential assistance to […]