SEC sues SIPC over Stanford Financial investments (Updated)
(Updates with details of the lawsuit) The Securities and Exchange Commission, in an unprecedented move, sued the insurance fund for U.S. brokerage accounts, asking a court to compel the fund to cover...
View ArticleStanford bank official’s description of CDs undermines SIPC argument
Testimony in a legal dispute between the U.S. and Antiguan liquidators of the Stanford Financial empire seems to bolster investors’ arguments that Stanford’s certificates of deposit were more...
View ArticleSEC to consider several Stanford-related actions
At their meeting Thursday, members of the Securities and Exchange Commission will consider several legal actions related to the Stanford Financial case. In a closed-door session, commissioners are...
View ArticleEx-SEC attorney fined in Stanford case
Spencer Barasch, the former head of enforcement for the Securities and Exchange Commission’s Fort Worth office agreed to pay a $50,000 fine to settle claims he inappropriately represented fallen...
View ArticleFormer Stanford broker says he made little on CD commissions
Earlier this month, the Chronicle published a story about two former Stanford Financial brokers whose lawsuit against the firm helped expose the alleged Ponzi scheme. The brokers now find themselves...
View ArticleStanford victims `ecstatic’ at guilty verdict
Investors who lost money through R. Allen Stanford’s $7 billion international financial scheme expressed relief at today’s jury verdict finding the former Caribbean financier guilty on 13 of 14...
View ArticleNow that Stanford’s been convicted, will lawmakers return stolen money?
Now that R. Allen Stanford is officially a convicted felon, it raises the question of whether politicians who received campaign contributions from him will finally return the money. A court-appointed...
View ArticlePoliticans still refusing to return Stanford victims’ money
Politicians who took money from convicted swindler R. Allen Stanford are grasping at any rationale to hold on to money that should be returned to victims of the fraud.
View ArticleCourt approves claims process for Stanford victims
A federal judge in Dallas has approved the process for paying claims submitted by Stanford Financial’s victims. The move clears the way for thousands of former Stanford investors, who have been waiting...
View ArticleStanford settlement clears way for investor recoveries
The deal frees up most of the $350 million in assets that had been frozen in various foreign bank accounts since Stanford's global investment scheme was revealed to be a $7 billion fraud in 2009.
View Article
