Las víctimas olvidadas de Stanford ahora disponible en español

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Thursday, March 5, 2015

Stanford Receiver Wins First Fraudulent Transfer Jury Trial

In the Northern District of Texas, in mid-February, a jury handed down the first verdict in a fraudulent transfer case arising from the Robert Allen Stanford Ponzi scheme. Second only to Bernie Madoff’s Ponzi scheme in sheer scope and alleged losses, Stanford’s scheme purportedly cost defrauded investors over $7 billion before it finally unraveled in 2009. Stanford had offered investors high rates of return on supposedly secure certificates of deposit through Stanford International Bank and a Byzantine web of other, related international financial institutions. The litigation overseen by Ralph Janvey, the Receiver appointed to unwind Stanford’s illegitimate empire and recover funds for defrauded investors, has resulted in a Supreme Court decision (Chadbourne & Park LLP v. Troice), dozens of reported cases, and scandalous allegations about the SEC’s diligence in investigating Stanford; however, until now, there have been no jury verdicts requiring those who purportedly received ill-gotten investor funds to return those funds to the Receiver.

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For a full and open debate on the Stanford receivership visit the Stanford International Victims Group - SIVG official Forum

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