Headquarters of the U.S. Securities and Exchange Commission in Washington, D.C. (Photo: Diego M. Radzinschi/ALM) Stanford Ponzi: Receiver Reaches $1.6B in Settlements With Five Banks
Baker Botts partner Kevin Sadler said, "This is an extraordinary result for the victims of the Stanford fraud."
February 27, 2023 at 12:53 PM
3 minute read
Securities Litigation
The receiver in the Stanford International Bank's Ponzi scheme announced settlements totaling $1.6 billion with the remaining bank defendants.
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