Monthly Archives: February 2010

Allen Stanford’s Investors Want Alleged Swindler’s Political Donations Returned

By MATTHEW MOSK Democratic and Republican lawyers are scrambling this week to figure out how to contend with an unusual lawsuit filed by the Texas official tasked with recovering money spent by Allen Stanford, the alleged mastermind of an $8 billion Ponzi scheme. More than $1.6 million from Stanford and his businesses went to fund […]

Stanford Receiver Sues Political Committees

The political stakes in the Stanford Financial scandal are getting higher.The court-appointed receiver who is tracking down the billions of dollars missing in the alleged Ponzi scheme – Dallas attorney Ralph Janvey – has filed suit against the major parties’ congressional campaign committee seeking the return of $1.6 million in contributions they received from company […]

Suit filed to force lawmakers to return Stanford contributions

By CHRIS HAWES Thousands of families lost their life savings when, investigators say, they uncovered a massive fraud centered around billionaire Allen Stanford. Now, the man assigned to defend the victims says money they are due is being withheld by an unlikely source: Politicians. They’re refusing to give back more than $1.8 million they received […]