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Stanfords ForgottenVictims
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Foreign Sovereign Immunities Act. Subject Matter Jurisdiction. Fifth Circuit determines Antigua not subject to U.S. court jurisdiction under Foreign Sovereign Immunities Act in Stanford Ponzi scheme cases.
Antigua, USA March 27 2017  Frank v. Commonwealth of Antigua and Barbuda, No. 15-10717, consolidated with The Official Stanford Investors Committee v. Antigua and Barbuda, No. 15-10788 (5th Cir. Nov. 22, 2016) [click for opinion] The Commonwealth of Antigua...

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Chadbourne Says Stanford Receiver Deal Nixes Investor Suit
Chadbourne & Parke LLP told a Texas federal judge on Wednesday that investors accusing it of facilitating Robert Allen Stanford’s $7 billion Ponzi scheme no longer have a viable claim after agreeing to a $35 million settlement and bar order with the receive...

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Billionaire Slams Stanford Receiver’s $88M Clawback Bid
A Colorado billionaire who won a jury trial in an $88 million clawback suit aimed at recovering money invested in R. Allen Stanford’s $7 billion Ponzi scheme told a Texas federal judge on Wednesday the receiver for the fraud continues to use arguments rejec...

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Stanford Trustee Can't Toss Ex-Diplomat's Ch. 7 For $1.2M
A Maryland federal judge on Monday affirmed a bankruptcy court’s refusal to dismiss Chapter 7 bankruptcy proceedings by former U.S. diplomat Peter Romero, saying that the receiver in the Robert Allen Stanford Ponzi scheme can’t pursue exempt assets for a $1...

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Stanford Ponzi Receiver Doubles Down On Clawback Claim
The receiver for R. Allen Stanford’s $7 billion Ponzi scheme on Wednesday urged a Texas federal judge to force an investor to repay $88.2 million, saying that a jury’s recent finding blocking the attempted clawback actually proved the investor knew about th...

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Ninth-Justice Argument Rejected In Stanford Ponzi Case
The U.S. Supreme Court on Monday refused to reconsider its decision not to hear an appeal from convicted Ponzi schemer Robert Allen Stanford, who's serving a 110-year sentence for running a $7 billion fraud, rejecting Stanford's request it take up the case ...

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Jury Blocks Stanford Receiver's $88M Clawback Claim
A Texas federal jury on Wednesday found billionaire Gary Magness acted in good faith when taking out $88.2 million in loans from a bank affiliated with R. Allen Stanford’s $7 billion Ponzi scheme, blocking a clawback claim by the receiver for the Stanford f...

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United States Supreme Court Denies Petition for Writ of Certiorari in the Criminal Case Against R. Allen Stanford
In 2012, a jury convicted R. Allen Stanford of one count of conspiracy to commit wire fraud and mail fraud in violation of 18 U.S.C. §§ 1341, 1343, and 1349; four counts of wire fraud in violation of 18 U.S.C. §§ 1343 and 2; five counts of mail fraud in vio...
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