Las víctimas olvidadas de Stanford ahora disponible en español

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

http://victimasolvidadasdestanford.blogspot.com/

Monday, July 27, 2015

Ponzi schemer Allen Stanford's victims wait for outcome of US federal appeal

HOUSTON, USA -- Those observers who have been following Allen Stanford's $7 billion Stanford International Bank Ponzi scheme, with the resulting 110-year sentence imposed upon him, are awaiting an opinion by the Fifth Circuit Court of Appeals, which is handling Stanford's criminal appeal.

The appellant's reply brief was filed back in March, but the Court has not yet made it ruling on the sentence and conviction.

Though Stanford requested oral argument, and the US government argued none was necessary, the Court has not assigned the appeal to the oral argument calendar, and since three-quarters of Federal criminal appeals are decided without hearing oral argument, it is probable that it will not be approved. Stanford appears to have an uphill battle in his case, as statistically only around five percent of such appeals are reversed.


 If his conviction and sentence are affirmed, Stanford's release date will remain April 17, 2105, ninety years from now. He is presently serving his sentence at USP Coleman, in Florida. Although it is little consolation to those investors who lost everything due to Stanford's massive fraud, he will not live to the age of 155, to be released back into the community.

Read more Here.

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


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