Tag Archives: Stanford International Bank

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 […]

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 […]

$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 […]

INITIAL REPLY BRIEF OF THE SECURITIES AND EXCHANGE COMMISSION, APPELLANT

By Michael L. Post In its opening brief, the Securities and Exchange Commission established that the district court erred both in incorrectly applying a preponderance standard of proof in this preliminary, summary proceeding and in applying an unduly narrow construction of the statutory term “customer” to preclude the possibility of coverage under the Securities Investor […]

Political Contributions

By U.S. Receiver Ralph Janvey As part of the Receiver’s efforts to recover assets for the Receivership Estate, the Receiver analyzed political contributions made by Stanford International Bank, Ltd., Stanford Group Company, Stanford Capital Management, LLC, R. Allen Stanford, James M. Davis and Laura Pendergest-Holt and certain entities they own or control. As a result […]

Canadian lawyer sues U.S. government over Allen Stanford ponzi scheme

By Drew Hasselback Investors lost billions in the ponzi scheme orchestrated by Texas tycoon Allen Stanford, and now a Canadian lawyer believes he has an innovative legal strategy to recover funds for victims of the fraud who reside outside the United States. Todd Weiler, who specializes in international law, believes that “unconscionable negligence and/or manifest […]