Stanford International Victims Forum - to be informed!

HSBC will pay $1.9 billion for money laundering

December 11, 2012
By Kevin McCoy

British banking giant HSBC agreed to pay a record $1.92 billion settlement Tuesday after a broad investigation by U.S. federal and state authorities found the bank violated federal laws by laundering money from Mexican drug trafficking and processing banned transactions on behalf of Iran, Libya, Sudan and Burma... Read more!

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Judge approves Stanford class action lawsuit

December 7, 2012

A civil suit by 86 defrauded investors was certified by a Baton Rouge judge Wednesday as a class action against Louisiana's regulator of financial institutions and a Pennsylvania company that compiled customer financial statements on behalf of convicted swindler Robert Allen Stanford... Read more!

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Allen Stanford receiver sues Greenberg Traurig, Hunton & Williams and YOLANDA SUAREZ

November 16, 2012
By Terry Baynes

A representative for the victims of Allen Stanford's estimated $7 billion Ponzi scheme is suing two law firms he says helped the now-convicted swindler perpetrate his fraud... Read more!

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September 7, 2012
By Dr. Gaytri D. Kachroo

THIS MATTER is before the Court on the Defendant's Motion to Dismiss the Complaint pursuant to Federal Rule of Civil Procedure 12(b)(1) (ECF No. 12). For the reasons explained in this Order, the Motion to Dismiss is granted in part and denied in part... Read more!

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How Wall Street Made A Muppet Of The SEC, Mary Schapiro And Dodd Frank

September 5, 2012
By Tyler Durden

That the SEC is the most incompetent, corrupt, irrelevant and captured organization "serving" the US public is known by everyone... Read more!

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August 22, 2012
By Matthew T. Martens

Applicant U.S. Securities and Exchange Commission respectfully submits this memorandum of law in response to Robert Cheatham's Motion To Intervene and To Suspend the Memorandum Opinion and Order of July 3, 2012... Read more!

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August 8, 2012

Ralph S. Janvey, in his capacity as the Court-Appointed Receiver for the Stanford Receivership Estate, and the Official Stanford Investors Committee file this First Amended Complaint against Defendants PROSKAUER ROSE, LLP, CHADBOURNE & PARKE, LLP, and THOMAS V. SJOBLOM... Read more!

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Order re. Chapter 15 / COMI

July 30, 2012
By U.S. District Judge David C. Godbey

The Court grants the Joint Liquidators' motion for substitution as Plaintiff nunc pro tunc to June 8, 2010 and grants in part and denies in part their request that the Court take judicial notice... Read more!

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Motion To Intervene and To Suspend the Memorandum Opinion and Order of July, 3, 2012

July 24, 2012
By Richard R. Cheatham

Pursuant to Fed. R. Civ. P. 24 Richard R. Cheatham moves to intervene in this action in order to protect his interest in the subject of the action and pursuant to Fed. R. Civ. P. 59 to suspend the Court's Memorandum Opinion and Order... Read more!

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HSBC lapses left US economy exposed to exploitation by terrorists - Senate report

July 17, 2012
By Richard Blackden

HSBC left America's financial system exposed to exploitation by drug cartels and terrorist organisations due to its failure to comply with anti-money laundering laws, according to a damning US Senate report... Read more!

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Bill Cassidy request that SEC file an appeal

July 12, 2012
By Bill Cassidy

I write to respectfully request that the Securities & Exchange Commission (SEC) file an appeal with the U.S. Court of Appeals, District of Columbia Circuit, seeking to overturn the July 3, 2012 ruling by U.S. District Court Judge Robert L. Wilkins in the matter of SEC v. Securities Investors Protection Corporation (SIPC), Civil Action No. 11-mc-678... Read more!

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Government accused of negligence in suit

July 3, 2012
By Edward J. Gonzales III

Seven Baton Rouge residents and firms are suing the federal government for negligence and misconduct they say caused their loss of approximately $3.5 million to the massive Ponzi scheme operated by Houston entrepreneur Robert Allen Stanford... Read more!

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July 3, 2012
By U.S. District Judge ROBERT L. WILKINS

The Court holds that the SEC would have failed to meet even the lesser burden of probable cause. The Application of the SEC is therefore denied. An Order accompanies this Memorandum... Read more!

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Stanford Officer to Plead Guilty

June 18, 2012

Stanford Financial Group's top investment executive, Laura Pendergest-Holt, is expected to plead guilty to obstruction of justice Thursday for her alleged role in a $7 billion Ponzi scheme that was among the largest frauds in U.S. history, a person familiar with the case said... Read more!

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Stanford sentenced to 110 years over Ponzi scheme

June 14, 2012
By The Wall Street Journal

Stanford accused the US-government of using "Gestapo tactics" and blamed it for the billions of dollars in losses to his investors... Read more!

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Investors Sue Auditor BDO for Stanford Ponzi Fraud

May 14, 2012

The Official Stanford Investors Committee filed the federal complaint against BDO USA, and related entities BDO International, BDO Global Coordination and Brussels Worldwide Services... Read more!

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Stanford investors have until Sept. 1 to file claims

May 4, 2012
By US District Judge David C. Godbey

This Order addresses the Receiver's amended motion for entry of an order (i) establishing bar date for claims; (ii) approving form and manner of notice thereof; and (iii) approving proof of claim and related forms and procedures for submitting proofs of claim... Read more!

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TD Bank recants testimony, fires law firm, and US judge eyes punishment in historic AML-fraud civil case

April 25, 2012
By ACFCS Staff

The landmark case that produced the first civil verdict against a bank for "aiding and abetting fraud" by means of its collusion with a customer and assistance in laundering the fraud proceeds has taken another startling turn... Read more!

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TD Bank says "copying error" caused altered document in fraud-money laundering case

April 18, 2012
By ACFCS Staff

The case in which TD Bank has already lost a precedent-setting verdict for "aiding and abetting fraud" arising from collusion with one of its customers to defraud numerous persons and to launder the proceeds has taken an ugly turn... Read more!

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Opposition to the USA's motion to dismiss the complaint

April 6, 2012
By Dr. Gaytri D. Kachroo

Plaintiffs hereby oppose the United States of America's Motion to Dismiss the Complaint (the "Motion"). This Court has subject matter jurisdiction over this action because the government fails to demonstrate that the discretionary function exception shields from liability the Securities and Exchange Commission's ("SEC") negligent failure to follow statutorily prescribed courses of action in the wake of its discovery of Robert Allen Stanford's Ponzi scheme... Read more!

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Stanford Judge Lets Receiver Raise Fee, Retains 20% Discount

April 5, 2012
By Andrew Harris and Edvard Pettersson

The court-appointed receiver for R. Allen Stanford can bill his time starting this year at 2012 rates with a 20 per cent discount in spite of objections by Stanford investors who haven't received any money so far... Read more!

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TD Bank, lawyers accused of "fraud on court" for presenting false "Customer Due Diligence Form"

March 30, 2012
By Brian Kindle

TD Bank, one of the world's largest financial institutions, is facing what may be the most explosive and damaging risk it has ever confronted. In a federal district court in Miami, it was accused this week of "working a fraud on the court and the jury" by doctoring a crucial document it presented in evidence at a recent trial it lost... Read more!

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Allen Stanford, American Drug Lord

March 21, 2012
By dhopsicker

Missing from coverage of the conviction two weeks ago of Texas "financier" Allen Stanford for running a $7 billion Ponzi scheme was any mention of Stanford's long-time role as an authentic-if no longer certified-American Drug Lord... Read more!

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La. Stanford victims' negligence claims moving forward

March 20, 2012
By Leslie Turk

On Monday the 5th U.S. Circuit Court of Appeals in New Orleans reversed a 2011 lower-court ruling, clearing the way for state court class actions against financial advisers, lawyers and other third parties accused of aiding convicted financial Allen Stanford's $7 billion Ponzi scheme... Read more!

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Vitter Testifies at House Hearing, Continues to call for SIPC to Compensate Stanford Victims

March 7, 2012
For Immediate Release

U.S. Sen. David Vitter today was invited to testify at the U.S. House Committee on Financial Services, Subcommittee on Capital Markets about some of the ongoing problems at the Securities Investor Protection Corporation (SIPC). Vitter testified about SIPC's refusal thus far to compensate the victims of the Allen Stanford Ponzi scheme... Read more!

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Stanford verdict could boost civil claims

March 7, 2012
By Leigh Jones

The conviction of Allen Stanford on Tuesday for orchestrating a $7 billion Ponzi scheme could be bad news for two prominent law firms and an attorney facing civil lawsuits arising out of the Texas financier's crimes... Read more!

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Jury convicts R. Allen Stanford in investor fraud

March 6, 2012
By Loren Steffy

A federal court jury on Tuesday convicted Texan R. Allen Stanford of all but one count of an indictment alleging he ran a $7 billion fraud through an offshore bank... Read more!

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All victims should be entitled to the protections of the SIPA

February 10, 2012

Letter to The Honorable Judge Robert L. Wilkins and Dr. Bill Cassidy with Evidences supporting that all individuals who invested money through any of the Stanford entities should be entitled to the protections of the SIPA... Read more!

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Judge Hands SEC Initial Victory in Suit Against Insurance Fund

February 10, 2012

A federal judge Thursday handed the Securities and Exchange Commission a partial victory in its suit against an agency that insures U.S. brokerage accounts to force it to pay investors in R. Allen Stanford's alleged $7 billion Ponzi scheme... Read more!

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Cassidy and Deutch Introduce Improving SIPC Act of 2012

February 9, 2012

Congressman Bill Cassidy, M.D. (R-LA) and Congressman Ted Deutch (D-FL) introduced the Improving Security for Investors and Providing Closure Act, or Improving SIPC Act of 2012... Read more!

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Accountant details Stanford investment spending

February 1, 2012
By Associated Press

An accountant who worked for Texas tycoon R. Allen Stanford testified Wednesday that he grew increasingly concerned that the financier wouldn't be able to return the $2 billion he secretly borrowed from investors to pay for business and personal expenses, including millions to maintain his yachts and private jets... Read more!

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Stanford Told Investors "Lie After Lie" and now he is trying to "game the system"

January 28, 2012

Well, it seems Scardino and defense lawyer Ali Fazel should look at these promotional materials from Stanford's business!... Read more!

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Insight: How Allen Stanford kept the SEC at bay

January 26, 2012
By Murray Waas

For twenty years, R. Allen Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire for longer than a decade but hesitated to open a full-blown probe. Proskauer Rose & Thomas Sjoblom... Read more!

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Trial Set for Financier Accused in Decades-Long Ponzi Scheme

January 18, 2012

A federal judge ruled on Wednesday that R. Allen Stanford, the Texas financier accused of defrauding thousands of investors in a $7 billion Ponzi scheme, will go on trial next week, nearly three years after his arrest... Read more!

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Fate of 7,000 Stanford Ponzi Investors Hangs on Rare SEC Lawsuit

January 17, 2012
By Robert Schmidt & Joshua Gallu

For 40 years, the U.S. Securities and Exchange Commission and the congressionally chartered group that protects against broker theft have worked in tandem to reimburse people whose accounts are pilfered... Read more!

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SEC Said to Prepare Vote on Cases Against Ex-Stanford Execs

January 10, 2012
By Joshua Gallu

U.S. Securities and Exchange Commission investigators have proposed sanctions against at least five former Stanford Financial Group Co. executives and brokers for their roles in selling investments that fueled R. Allen Stanford's alleged $7 billion Ponzi scheme, according to two people with knowledge of the matter... Read more!

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2 former Stanford brokers say SEC let them down

January 5, 2012

Former Stanford Financial Group brokers Charles Rawl and Mark Tidwell say they helped regulators build a fraud case by supplying the government with emails, testimony and names of people to question... Read more!

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