Monthly Archives: February 2011

Dismay as official Stanford Investors Committee file lawsuit against St Jude’s children’s cancer hospital charity

On this day today, the second anniversary of the civil action by the SEC against the Stanford Financial Group, wholly owned by Allen Stanford awaiting trial on 23 counts of fraud in Texas, allegedly too incompetent to stand trial after being beaten-up in prison and fed a cocktail of anti-depressants. What have we learned? Firstly […]


Calling it the best chance for some investors to recover some of the money they lost in R. Allen Stanford’s certificates of deposit, attorneys have sued a clearing broker-dealer for the disgraced financier. The suit alleges that New Jersey-based brokerage firm Pershing LLC — a subsidiary of the Bank of New York Mellon Corp. — dealt […]

Cricket mogul Stanford sent to US prison hospital

By: AFP Financier and cricket mogul Allen Stanford was sent to a US prison hospital for drug addiction treatment so he can be fit to stand trial on charges of running a $7 billion fraud, officials said Tuesday. A federal bureau of prisons website listed Stanford’s status as “in transit.” The flamboyant Texan was declared […]

Forensic accountant gives Stanford investors a little hope

By LOREN STEFFY HOUSTON CHRONICLE February 15, 2011 For two years, Stanford Financial Group’s victims have struggled with the grim reality of their situation. Not only is their money gone, but every safety net has failed them. Now, they’re hoping a new finding by a forensic accountant will give them a better chance at getting […]