The receiver in the Stanford International Bank’s Ponzi scheme announced settlements totaling $1.6 billion with the remaining bank defendants.
On the eve of a long-awaited multibillion-dollar trial in Securities and Exchange Commission v. Stanford International Bank et al. over claims that three banks helped Allen Stanford run a 20-year scam that victimized more than 18,000 investors, Stanford receiver Ralph Janvey and the Official Stanford Investors Committee reached settlements of $1.345 billion.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]