Monthly Archives: August 2011

Letter to the Editor, Caribbean360

By Eric Cohen Dear Sir or madam, A story published in the August 18, 2011, edition of Caribbean360, “Investors question Antigua Stanford liquidators” makes several erroneous and unfortunate statements that only mislead and confuse victims of SIB’s failure. I am a creditor of the Stanford International Bank (SIB), being a holder of Certificates of Deposit […]

S.E.C. Files Were Illegally Destroyed, Lawyer Says

By EDWARD WYATT An enforcement lawyer at the Securities and Exchange Commission says that the agency illegally destroyed files and documents related to thousands of early-stage investigations over the last 20 years, according to information released Wednesday by Congressional investigators. The destroyed files comprise records of at least 9,000 preliminary inquiries into matters involving notorious […]

Consolidated Reply to Responses by SEC and Co.

By KACHROO LEGAL SERVICES, P.C. No one has disputed in their oppositions that the Investor Committee lacks a majority of independent and disinterested investors, which is necessary to adequately represent the interests of investors. To the contrary, the Investor Committee admits that three of its non-investor attorney members have substantial contingency fee agreements with the […]

First Report of the Joint Liquidators Grant Thornton

By Grant Thornton The mandate of the Liquidators is to gather in and maximize the value of the assets of SIB, to monetise and to distribute such assets under a statutory framework. This requires the Liquidators to conduct a creditor/victim claims adjudication and distribution process. I note that pursuant to paragraph 18 of the Order […]

Chasing Madoff

By Kachroo Legal Services, P.C. “KLS is proud to present the Fox Hounds’ documentary feature film to be released in the US in late August, 2011. Please check it out at a theatre near you. It is a substantive and educational review of Wall Street, underscoring the profound need for financial reform and ethics in […]