Tag Archives: Ponzi Scheme

Announcement from Allen Stanford

To the Stanford International Bank depositors, and clients of the global Stanford Financial Group As this is the first statement from me since the February 17, 2009 destruction of the global Stanford companies, and my imprisonment for allegedly operating a fraud that has been referred to as a “Ponzi scheme”, I want to be direct, […]

Anuncio de Allen Stanford

A los depositantes de Stanford International Bank y clientes del global Stanford FinancialGroup Como éste es la primera declaración de mí parte desde la destrucción de 17 de febrero de 2009 de las empresas mundiales de Stanford, y mi encarcelación por presuntamente operar un fraude que se ha referido como un “esquema Ponzi”, quiero ser […]

Allen Stanford filed on 24 April 2014 a Motion to Vacate

Motion to Vacate filed on 24 April 2014, based on: 1) SEC lack of jurisdictional or regulatory authority over SIB 2) Denial of Due Process, and improper venue for their complaint 3) Blatant violation of Stanford’s Fourth Amendment right to protection from illegal search and seizure 4) Fraud upon de Court in this matter Janvey […]

Investors plan appeal of Stanford lawsuit dismissal

By JOE GYAN JR. A federal appeals court will be asked to reverse a Baton Rouge federal judge’s dismissal of a lawsuit that claims the Securities and Exchange Commission and a former official knew of Robert Allen Stanford’s $7 billion fraud scheme but failed to investigate and stop it, an attorney for some victims said Friday. The […]

SEC Escapes Stanford Victims’ Suit Over $7B Ponzi Scheme

By Law360, New York A Louisiana judge Friday threw out a putative class action alleging the U.S. Securities and Exchange Commission facilitated Robert Allen Stanford’s $7 billion Ponzi scheme, finding the agency was shielded by a law barring suits over federal officials’ discretionary choices. U.S. District Shelly D. Dick said the discretionary function exception of […]

$83.5M Suit Says Willis Group Aided Stanford Fraud

By Law360 A group of holders of Stanford Financial Group CD accounts claims that Willis Group Holdings Public Limited Co. helped perpetuate Robert Allen Stanford’s $7 billion Ponzi scheme, according to an $83.5 million class action removed from Florida state court Monday. The plaintiffs, 64 citizens of El Salvador, Nicaragua, Panama, the United States and […]

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 […]