Now those same investors may be facing a second hit, as the receiver charged with recovering any money that might be left over from Stanford’s scheme is accused of bungling the job. And the fact that the lawyers and accountants working for the receiver are trying to collect millions in fees isn’t likely to make the investors feel better.
In February the SEC appointed Dallas attorney Ralph Janvey, 58, of six-lawyer Krage & Janvey as receiver. The choice triggered some surprise in legal circles; Janvey had worked on only a handful of other receiverships, none close to the scope of Stanford.
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