COViSAL   -  For Restitution March 13, 2023   Clerk of the Court United States District Court Northern District of Texas 1100 Commerce Street Dallas, Texas 75242 ATN: Chamber of the Honorable David Godbey Last week, the U.S. Receiver for the Stanford Financial Group (“SFG”) reached an agreement for the ludicrous amount of $1,602 million with five (5) banks, Toronto Dominion Bank, HSBC, Société Générale (Suisse), Trustmark National Bank and Independent Bank accused of being abettors necessary in the execution of the Stanford Ponzi Scheme which fleeced depositors out of $7 billion. This settlement would potentially award attorneys more than $400 million in fees and expenses. When on February 16, 2009,  SFG  was seized by U.S. authorities the lives of thousands of families in the United States, Latin America, and other countries around the world were ruined. They had invested their life savings in a promise of safety under the protective umbrella of th...

  COViSAL   -  For Restitution March 13, 2023   Clerk of the Court United States District Court Northern District of Texas 1100 Commerce Street Dallas, Texas 75242 ATN: Chamber of the Honorable David Godbey Last week, the U.S. Receiver for the Stanford Financial Group (“SFG”) reached an agreement for the ludicrous amount of $1,602 million with five (5) banks, Toronto Dominion Bank, HSBC, Société Générale (Suisse), Trustmark National Bank and Independent Bank accused of being abettors necessary in the execution of the Stanford Ponzi Scheme which fleeced depositors out of $7 billion. This settlement would potentially award attorneys more than $400 million in fees and expenses. When on February 16, 2009, SFG was seized by U.S. authorities the lives of thousands of families in the United States, Latin America, and other countries around the world were ruined. They had invested their life savings in a promise of safety under the protective umbrella of the United States. ...