Two big New York law firms that represented the now-imprisoned financier Allen Stanford persuaded a federal appeals court on Thursday to throw out a lawsuit claiming that they helped conceal his $7.2 billion Ponzi scheme. Reversing a lower court ruling, …
Ford Motor Co. said on Wednesday it is joining with two top U.S. universities to launch research into automated driving technology. The automaker said it will work with Stanford University and the Massachusetts Institute of Technology (MIT) on the “technical …
Two former associates of R. Allen Stanford have been convicted of fraud for trying to help the imprisoned U.S. financier conceal a $7 billion Ponzi scheme. Prosecutors in Houston say 70-year-old Gilbert Lopez Jr. and 40-year-old Mark Kuhrt were both …
Allen Stanford’s U.S. court-appointed receiver may keep control of the process to collect and distribute the convicted Ponzi schemer’s assets to victims, defeating a bid by Caribbean liquidators, a U.S. federal judge has ruled. U.S. District Judge David Godbey in …
Former billionaire Allen Stanford was sentenced in Houston to 110 years in prison on July 14 for running a $7 billion scheme in which he stole money from his investors to finance an extravagant lifestyle in the Caribbean. His attorneys …
The U.S. government said it would be “impracticable” to enforce an order of restitution against financier Allen Stanford to victims of his estimated $7 billion Ponzi scheme and that it should be permitted to compensate fraud victims with forfeited assets. …
Allen Stanford used fake insurance and false financial statements to deceive investors and regulators as he sought to shield his global financial empire from government scrutiny for more than two decades, his top deputy said on Feb. 2. James Davis …
Federal securities regulators have sued a brokerage industry backed fund on behalf of victims who lost money in Allen Stanford’s alleged $7 billion Ponzi scheme and have yet to recover any funds. The U.S. Securities and Exchange Commission asked a …
In a major victory for victims of Allen Stanford’s alleged Ponzi scheme, U.S. regulators have concluded that they should be compensated by a brokerage industry-backed fund. The decision announced Wednesday by the U.S. Securities and Exchange Commission comes nearly two …
