Monthly Archives: February 2012

All victims should be entitled to the protections of the SIPA

By SIVG LETTER TO THE HONORABLE JUDGE ROBERT L. WILKINS  The Honorable Judge Robert L. Wilkins US District Court for the District of Columbia 333 Constitution Avenue NW Washington D.C. 20001 The United States of America Ref. – SEC v SiPC (Case No.: 1:11-mc-00678-RLW)  Honorable Judge Wilkins: The undersigned, non-US citizens, victims of the Stanford […]

Judge Hands SEC Initial Victory in Suit Against Insurance Fund

By ANDREW ACKERMAN A federal judge Thursday handed the Securities and Exchange Commission a partial victory in its suit against an agency that insures U.S. brokerage accounts to force it to pay investors in R. Allen Stanford’s alleged $7 billion Ponzi scheme. U.S. District Court Judge Robert Wilkins ruled the SEC didn’t need to go […]

Cassidy and Deutch Introduce Improving SIPC Act of 2012

Today, Congressman Bill Cassidy, M.D. (R-LA) and Congressman Ted Deutch (D-FL) introduced the Improving Security for Investors and Providing Closure Act, or Improving SIPC Act of 2012. The legislation seeks to provide victims of Ponzi Schemes, including ones similar to the scheme carried out by R. Allen Stanford, with a quicker path to a financial […]

Accountant details Stanford investment spending

By Associated Press An accountant who worked for Texas tycoon R. Allen Stanford testified Wednesday that he grew increasingly concerned that the financier wouldn’t be able to return the $2 billion he secretly borrowed from investors to pay for business and personal expenses, including millions to maintain his yachts and private jets. Henry Amadio told […]