Las víctimas olvidadas de Stanford ahora disponible en español

Las víctimas olvidadas de Stanford, ahora disponible en español en:

http://victimasolvidadasdestanford.blogspot.com/

Wednesday, April 22, 2015

Judge allows case against Stanford banks to go on

A federal judge in Dallas has upheld most of the claims in a major lawsuit against five banks accused of playing a role in Texas financier Allen Stanford's massive Ponzi scheme.

Tuesday's ruling by U.S. District Judge David Godbey means the suit filed in 2009 on behalf of thousands of Stanford victims can proceed against the banks, which include HSBC, Societe Generale, Toronto Dominion Bank, Trustmark National Bank and the Bank of Houston. The suit accuses the banks of playing "an essential role" in the $7 billion fraud, which each bank has denied.

While Godbey threw out some of the claims the victims were pursuing under Texas state law, the ruling allows the bulk of the case to move forward in federal court. That is important to the more than 20,000 Stanford victims, because unlike victims of the Bernard Madoff Ponzi scheme uncovered just two months earlier, they have recovered almost nothing. Also, while the Justice Department and federal authorities reached a $2 billion settlement last year with Madoff's primary banker, JPMorgan Chase, they have thus far declined to pursue similar cases against Stanford's bankers. That means that for Stanford's victims, this civil case may be one of their last remaining hopes for a meaningful recovery.

Read the court Ruling Here:

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group - SIVG official Forum http://sivg.org.ag/


Tuesday, April 21, 2015

Stanford Investors Suing Proskauer, Chadbourne Seek Cert.

Investors accusing Chadbourne & Parke LLP, Proskauer Rose LLP, two insurance brokers and a financial services firm of aiding Robert Allen Stanford’s Ponzi scheme urged a Texas federal judge on Monday to grant class certification in their malpractice action.

Investors led by Mexican citizen Samuel Troice argued that from at least 1988 until 2009 Stanford engaged in a common course of conduct and uniform scheme to dodge the federal government’s banking and securities laws. Stanford uniformly failed to disclose his illegal conduct or tell investors that...

Read the entire article Here:

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group - SIVG official Forum http://sivg.org.ag/


Saturday, April 18, 2015

Ex-Diplomat Can't Ditch Order To Return Stanford Ponzi Funds

A Texas federal judge on Wednesday denied a former ambassador to Ecuador's post-trial request and entered final judgment ordering the accused insider of Robert Allen Stanford's Ponzi scheme to pay more than $950,000 to the receiver for accepting fraudulent transfers.

In denying former high-ranking diplomat Peter Romero’s request for judgment as a matter of law, Judge David C. Godbey ruled there is sufficient evidence to support the jury’s unanimous February verdict that the court-appointed receiver for Stanford’s companies and victims made timely claims under a Texas state...

Read the entire article Here:

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group - SIVG official Forum http://sivg.org.ag/


Thursday, April 16, 2015

Kachroo Legal Services Update Regarding Zelaya v SEC

Dear KLS Stanford Clients:

Eleventh Circuit Court of Appeals Decision In Action Against SEC

As you are aware from our previous updates, KLS filed its appellate brief in Zelaya, et al. v. United States of America, the class action brought against the SEC for negligently failing to act on available information to prevent the Stanford Ponzi scheme. After an intense oral argument on September 11, 2014, the Court of Appeals handed down its decision today, March 30, 2015. A copy of the judgment is attached.

In its decision, the Court notes that the SEC’s failure to act was.......................

Read Kachroo Legal Services Update Here:

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group - SIVG official Forum http://sivg.org.ag/