wwwClick News for the latest information about this case. Information provides help regarding legal actions in process and other important information. Forum allows us to share information and comments.
We've upgraded our Forum with new features here
Please read true stories from the Victims in our new section Voice of the Victims
Please don't hesitate to contact us at webmaster@sibfraud.com if you have any questions or comments.
______________________________________________________________________
Stanford: ‘There is no Ponzi scheme’
Mayra Beltran Chronicle
R. Allen Stanford denies claims his Antiguan bank was a Ponzi scheme, saying the company "had far more assets, solid assets, cash and other assets that could cover all our liabilities worldwide."
R. Allen Stanford said Monday knowing the details of how his company handled billions of dollars in investors’ money wasn’t part of his job, but making injured clients and employees whole again following the government’s “disembowelment” of his businesses has become his top priority.
Mayra Beltran Chronicle
R. Allen Stanford denies claims his Antiguan bank was a Ponzi scheme, saying the company "had far more assets, solid assets, cash and other assets that could cover all our liabilities worldwide."
One On One With Stanford
See the entire interview here
Girlfriend’s mother says Stanford will fight 'this injustice'
The mother of R. Allen Stanford’s fiancee says the native Texan, named in a civil fraud case, is guilty only of trusting his second-in-command with key parts of his business, and he will “fight this injustice.”
Read the complete story here. Post your comments
Did Stanford Keep Two Sets of Books?
If the liquidator's claim about the financier's bank is true, $8 billion R. Allen Stanford said he raised from investors may not exist.
Read the complete story here. Post your comments
Read the complete story here. Post your comments
'Shortfall' in Stanford accounts
Sir Allen backed the high profile Twenty20 cricket tournamentThe US Receiver filed a Lawsuit to Recover Compensation Paid to Former Stanford Group Company Financial Advisors
On April 15, the Receiver filed a lawsuit that seeks to recover more than $40 million in commissions, front-end loans and other compensation that Stanford Group Company paid to 66 of its former financial advisors in connection with sale of Stanford International Bank certificates of deposit. The lawsuit seeks disgorgement of the compensation amounts to the Receivership Estate, so that the money can be used to benefit defrauded investors and other claimants against the Estate.
Read the complete story here. Post your comments
More Frozen Stanford Financial Accounts to Be Released
Another $137 million held in frozen client accounts linked to accused fraudster Allen Stanford’s investment empire may soon be thawed by a judge and released back to investors.
Read the complete story here. Post your comments
Stanford exec hopes to cut a plea deal, lawyer says
James Davis, a top executive of Stanford Financial Group named in a civil fraud lawsuit, will start negotiating a criminal plea agreement with prosecutors in the coming weeks, his lawyer said Thursday.
Read the complete story here. Post your comments
James Davis, a top executive of Stanford Financial Group named in a civil fraud lawsuit, will start negotiating a criminal plea agreement with prosecutors in the coming weeks, his lawyer said Thursday.
Hard Sell Drove Stanford's Rise and Fall
Stanford Financial Group flew more than 200 overseas employees to Miami in January for a weekend meeting and yacht cruise. In a pep talk, the company's billionaire chairman, R. Allen Stanford, announced a quarterly sales contest called the Top Performers Club.
Leading sellers of Stanford's certificates of deposit, he said, would compete for big bonuses, recalls an employee who was there. Attendees watched a video of a Stanford financial adviser in Switzerland who, during an earlier incarnation of the contest, received more than $400,000 in pay for three months of sales.
Read the complete story here. Post your comments
Stanford Cleanup May Be More Complex Than Madoff
When R. Allen Stanford's financial empire collapsed, the reverberations spread throughout the world.
There is now a receiver in just about every country where the fifth-generation Texan operated, and all are assigned to track down what's left of Houston-based Stanford Financial Group and its related enterprises.
Read the complete story here. Post your comments
Receiver, Stanford figure in talks to settle dispute
The court-appointed receiver in control of all Stanford Financial assets wants to hold off on filing an answer to a challenge to his power by the only person in the fray facing a criminal charge because they’re in talks to resolve the dispute.
Read the complete story here. Post your comments
Stanford denies wrongdoing, wants money for lawyer
Texas billionaire R. Allen Stanford, accused by the Securities and Exchange Commission of a massive Ponzi scheme, has denied wrongdoing and asked a federal judge to free up some of his money so he can hire a lawyer.
Read the complete story here. Post your comments
Allen Stanford: A Libyan Connection?
Last November, Stanford may have met with a representative of the Libyan government to discuss Libya's interest in putting a significant investment into Stanford's offshore bank in Antigua. Soon after the meeting, which took place in Washington, D.C., Stanford boasted to a number of his top executives that the Libyans were sinking more than a $100 million into the bank's now-infamous high-yielding certificates of deposit, say sources close to the brokerage firm.
Read the complete story here. Post your comments
Stanford receivers fight over Antigua bank's assets
A dispute between receivers appointed in two nations to oversee the assets of the Stanford Financial Group companies is coming to a head, with both claiming sole authority over the assets of Stanford’s bank in Antigua.
Read the complete story here. Post your comments
Judge approves $10 million Stanford expense fund
A federal judge approved a motion by Stanford Financial Group’s court-appointed receiver to set aside a $10 million fund for future expenses.
__________________________________________________________________________________
You are not alone, a large number of us are in the same situation and to be connected will help all. The preliminary numbers are 50,000 people in at least 40 countries affected by this case.
This site was developed by people affected by the Stanford fraud case, the main objective is to provide a site where people can get updated information and be in contact with other people affected by this problem.
As always happens in situations like this one, there will be people that will try to get a benefit of the victims with false promises, we are sure be in contact should reduce those cases.
This site will be updated daily.
Visitors