“It was a good settlement, there’s no doubt about it,” said Ed Valdespino, who represents a committee of investors in R. Allen Stanford’s $7 billion Ponzi scheme. “It’s going to get some money to the victims that’s badly needed, and it really does pave the way for additional settlements.”
U.S. District Judge David Godbey has approved a $40 million settlement against the BDO USA accounting firm—the largest yet against a civil defendant accused of helping assist convicted Houston financier R. Allen Stanford pull off a $7 billion Ponzi scheme.
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