COALICION VICTIMAS DE STANFORD AMERICA LATINA
(COViSAL)
October 11, 2012
An Open letter to the Honorable Donald
B. Verrilli, Jr.
The Honorable Donald B. Verrilli, Jr.
Solicitor General
United States Department of Justice
950 Pennsylvania Ave., N.W., Room
5143
Washington, D.C. 20530-0001
Ref: Case No. 11-10932 [5th Circuit Reversal to Judge Godbey's
SLUSA Decisions]
Honorable Solicitor General Verrilli:
We, victims of the fraud perpetrated
by R. Allen Stanford, gathered to defend our rights in COViSAL, respectfully
address you to beg for justice.
The majority of affected victims are
modest people, families with children with special needs - many are elderly, ill
or close to retirement; now unable to pay for their critical medical treatments
and living expenses. Three years, seven months and 25 days have passed since Stanford,
and his abettors stole our life savings. This is a long time for the thousands
of victims who are immersed in endless agony and desperation because of their
loss. Many have already died while waiting in vain for even some small portion
of their savings to be returned in time for life-saving operations, or
treatment of cancer and other life-threatening diseases.
The possibility of receiving an
economic relief is vanishing because the Joint Liquidators and the U.S.
Receiver are consuming what it is left of our patrimony. They have been paid millions
of dollars in legal fees, and expenses; while victims are dying because they
are not able to pay for their medical treatments.
So far, we consider the
Receivership’s accomplishments in the recollection of assets for the victims’
distribution fund very frustrating. For
this reason, the class actions are the
only venue of recovery for the modest small investors who do not have any
money to hire attorneys to defend them individually. In this sense, we do not
understand why there is the intention to negate “their day in court” for the
collective of individual investors. Is this not a constitutional violation?
Regarding the statutory
interpretation and the large amount of interpretative chaos because of
disparate jurisprudence in similar securities' frauds, COViSAL hopes and
expects that the empty vessels left by poorly written or misleading laws are
filled with the truth of the law. It would be lethal for the Stanford victims
to be victimized again. No more impunity for the third parties who benefited from our stolen savings and who are
also responsible for this social debacle.
We are confident that you will review
all the facts, and that your brief to the U.S. Supreme Court will support leaving
in place the 5th U.S. Circuit's ruling in this matter.
We pray to God that the rights of the
victims will prevail, and conscience will be the instrument to impart justice.
Sincerely,
/s/ Jaime R.
Escalona
Jaime R. Escalona
On behalf of Covisal
Leader
Coalición Víctimas
de Stanford América Latina (COVISAL)
http://covisal.blogspot.com/ Twitter:
@COVISAL
