$3.9M Ends SEC’s Stanford Ponzi Claims Against Ex-Exec

A former executive at one of Ponzi schemer R. Allen Stanford’s financial firms has agreed to pay the U.S. Securities and Exchange Commission nearly $3.9 million to settle claims related to his role in the fraud, according to a Friday decision by the regulator.

Jay T. Comeaux, shuttered Stanford Group Co.’s onetime president and executive director, will pay $3.1 million in disgorgement, $495,000 in interest and a $289,000 penalty under the agreement. The sum of the ill-gotten gains he must repay is about $300,000 lower than…

To view the full article, click Here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



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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 rejected previously to force a judgment against him.

Billionaire Gary Magness said Ralph S. Janvey continues to claim it would not have been futile to investigate the source of $88.2 million in loans received from a bank affiliated with the scheme, despite multiple…

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For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



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 $1.2 million judgment against Romero.

Romero, the former ambassador to Ecuador, filed for Chapter 7 bankruptcy protection after a Texas federal judge ordered him to pay $1.2 million in fraudulent transfers from his time as an adviser to Stanford. Stanford receiver Ralph Janvey was denied a…

To view the full article, click Here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



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 violation of 18 U.S.C. §§ 1341 and 2; one count of conspiracy to obstruct a Securities and Exchange Commission (“SEC”) investigation in violation of 18 U.S.C. §§ 1505 and 371; one count of obstruction of an SEC investigation in violation of 18 U.S.C. §§ 1505 and 2; and one count of conspiracy to commit money laundering in violation of 18 U.S.C. § 1956(h). The United States District Court for the Southern District of Texas sentenced Stanford to a term of 110 years in prison, and the United States Court of Appeals for the Fifth Circuit unanimously affirmed the District Court’s judgment. Stanford then filed a petition for writ of certiorari in the United States Supreme Court. On November 28, 2016, the Supreme Court denied Stanford’s petition, thus upholding his 2012 conviction.

To view a copy of the order denying Stanford’s petition, click here.



For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



Receiver’s 12th Interim Report Regarding Status of Receivership, Asset Collection and Ongoing Activities

On December 2, 2016, the Receiver filed a report with the Court that discusses the status of the Receivership, the Receivership’s asset collection efforts and ongoing activities.

To view the report, click here.



For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/