Monthly Archives: May 2012

Investors Sue Auditor BDO for Stanford Ponzi Fraud

By DAVID LEE Investors defrauded by Allen Stanford’s $7 billion Ponzi scheme say in court that the fund’s auditor knowingly participated in the fraud. The Official Stanford Investors Committee filed the federal complaint against BDO USA, and related entities BDO International, BDO Global Coordination and Brussels Worldwide Services. The complaint abbreviates Stanford Group Co. as […]

Stanford investors have until Sept. 1 to file claims

By US District Judge David C. Godbey After holding a hearing on the motion, considering all objections, and reviewing the Receiver’s cost estimate [1583], the Court overrules the objections and grants the motion in full, except that it alters the language of section twelve (12) of the proposed Notice of Bar Date and Procedures for […]