Tag Archives: Kevin Sadler

Stanford Judge Approves Interim Distribution to Victims

By Tom Korosec & Andrew Harris A plan by a court-appointed receiver to distribute assets recovered from R. Allen Stanford’s Ponzi scheme to investors was approved by a federal judge in Dallas.U.S. District Judge David C. Godbey accepted the plan by Ralph Janvey, the receiver appointed in 2009 to marshal and liquidate Stanford’s personal and […]

Allen Stanford Told to Disgorge $6.7 Billion in SEC Case

By Andrew Harris R. Allen Stanford, the Texas financier convicted last year of leading an investment fraud scheme, was ordered to disgorge more than $6.7 billion by the judge in a U.S. Securities and Exchange Commission lawsuit. U.S. District Judge David Godbey in Dallas issued the order yesterday against Stanford, his Stanford Group Co. and […]

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, […]