Category Janvey
Stanford Judge Lets Receiver Raise Fee, Retains 20% Discount
By Andrew Harris and Edvard Pettersson The court-appointed receiver for R. Allen Stanford can bill his time starting this year at 2012 rates with a 20 per cent discount in spite of objections by Stanford investors who haven’t received any money so far. U.S. District Judge David C. Godbey in Dallas, in an order yesterday, […]
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 […]
Investors in Allen Stanford’s Ponzi scheme are now at the mercy of a floundering receivership
Ralph Janvey was dealt a tough hand. The 61-year-old Dallas attorney was appointed in February 2009 to extract assets from the wreckage of R. Allen Stanford’s empire on behalf of harmed investors. The Texas Ponzi schemer’s businesses included 145 separate entities and assets spread out across more than a dozen countries. However, critics contend that Janvey […]
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 […]
Stanford Victims Refuse to be defrauded by Texas Receiver
Since the SEC shut down Allen Stanford’s investing and banking operations over two years ago, the receivership to help the victims recover their losses has been consuming all the assets, reveals a motion filed today by Kachroo Legal Services, P.C. and its principal, Gaytri Kachroo. Out of a $7 billion Ponzi scheme, the receiver has […]
Stanford Victims Complain About Receiver’s Spending
A motion has been filed in the US District court to protect Stanford Victims from what they view as the overspending by the court-appointed receiver and the negligence of the Stanford Investor Committee. Acting on their behalf, Kachroo Legal Services, PC has filed a motion to intervene, and for appointment to the Committee. The motion […]
Allen Stanford: Brokers face charges
By Alex Hawkes US authorities have told several brokers that they intend to file civil charges against them over the alleged $8bn Ponzi scheme at Allen Stanford’s banking group. US regulators have widened their investigation into the alleged fraud at Allen Stanford’s banking group, and are now looking at brokers who worked with the bank […]
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 […]
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