A three-judge panel rejected the former dignitary's argument that the court-appointed receiver for Stanford's companies did not timely file his February 2011 complaint.
Stanford - who turns 66 next week - is serving a 110-year prison sentence after a federal jury in Houston, Texas, convicted him in 2012 of running a $7 billion Ponzi scheme premised on the sale of phony certificates of deposit.
In 2011, receiver Ralph Janvey went after Romero, one of several political figures recruited to lend credibility to Stanford's fraudulent operations. Romero's case was the first to go to trial.
Romero, appointed to the ambassadorship by Bill Clinton, retired from the U.S. Department of State in 2001.......................
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For a full and open debate on the Stanford receivership visit the Stanford International Victims Group - SIVG official Forum http://sivg.org.ag/