Las víctimas olvidadas de Stanford ahora disponible en español

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

Saturday, May 16, 2015

BDO settles Stanford litigation for $40M

BDO USA LLP, one of the world’s largest accounting firms, has agreed to pay $40 million to settle claims brought by thousands of investors who lost money in R. Allen Stanford’s Ponzi scheme. 

Lawyers for the receiver appointed to recover money lost in the $7 billion international fraud scheme and attorneys for about 20,000 investors, many of whom lost their life savings, disclosed the settlement Friday in a Dallas federal court filing. They asked the court to approve the deal.

 “It’s really the first significant settlement for the victims after six years,” said Edward Valdespino, a lawyer with San Antonio’s Strasburger & Price LLP, one of the law firms representing investors. Before this settlement, he believes the biggest award for victims had been about $5 million.

 BDO made no admission of wrongdoing in the settlement. In a statement, it said the settlement made the most sense given its insurance coverage and the costs associated with litigation...............

Read the Full Article Here:

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

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