Skip to main content

Open Letter from COViSAL to Honorable Judge Esther Salas Case No. 2:24-cr-00667-ES-1. United States v. TD Bank, N.A.


COViSAL  for Restitution, since 2009

November 6, 2024

To the Honorable Judge Esther Salas and all attorneys involved in Case No. 2:24-cr-00667-ES-1. United States v. TD Bank, N.A.

We, victims of Allen Stanford's Ponzi scheme, represented by Jaime R. Escalona, ​​leader of the Stanford Victims Coalition Latin America (COViSAL), a coalition that has united thousands of families in Latin America, the United States, and worldwide since 2009; who lost our life savings, urge the Court to consider the following points before issuing its ruling:

  • Irreparable damage: Stanford's victims have suffered devastating economic losses and many of them are in a precarious financial situation, unable to afford necessities such as medical treatment and sustenance.
  • TD Bank's responsibility: TD Bank played a critical role in the Ponzi scheme by facilitating money laundering, directly contributing to the harm inflicted upon thousands of investors.
  • An inexplicable and unacceptable Omission. The Department of Justice ("DOJ") received substantial information from the U.S. Receiver and its counsel regarding TD Bank's involvement. Yet, the DOJ failed to inform the Official Stanford Investors Committee ("OSIC") or the U.S. Receiver about its investigation into TD Bank’s money laundering activities.
  • DOJ’s Failure: The DOJ's failure to promptly investigate TD Bank's involvement allowed the fraud to continue for years, exacerbating the victims’ suffering.

A Call for Justice. COViSAL demands that the DOJ fulfill its duty and collaborate with Judge Esther Salas to ensure that the $3 billion in fines levied against TD Bank, N.A. (TDBNA) and its parent company TD Bank US Holding Company (TDBUSH) is allocated to the devastated victims of Stanford.

We implore the Court to recognize the severity of this matter and deliver justice. The victims of the Stanford fraud deserve compensation for this heinous crime.

/s/ JaimeR. Escalona

Jaime R. Escalona                         
On behalf of COViSAL for Restitution, since 2009
jaenrodes@covisal.org
https://www.covisal.org/

Labels:

Popular posts from this blog

FORMAL DEMAND: Immediate Interim Distribution of US$24.2M Unconditional Assets, Cessation of Estate Depletion, and Outstanding 22nd Report

June 20, 2026 Mark McDonald Joint Liquidator – Stanford International Bank Limited (in Liquidation) Grant Thornton New Zealand Limited Level 4, 152 Fanshawe Street PO Box 1961 Auckland 1010 New Zealand Kevin Hellard Joint Liquidator – Stanford International Bank Limited (in Liquidation) Grant Thornton UK LLP 30 Finsbury Square London EC2P 2YU United Kingdom Subject: FORMAL DEMAND: Immediate Interim Distribution of US$24.2M Unconditional Assets, Cessation of Estate Depletion, and Outstanding 22nd Report Dear Mr. McDonald and Mr. Hellard, I write on behalf of COViSAL and the Stanford International Bank (SIB) creditor body regarding your explicit written confirmation on May 7, 2026, establishing that the 22nd Report to Creditors would be issued on May 28, 2026—marking the standard six-month reporting cycle from your previous update. As of today, June 20, 2026, twenty-three days have elapse...
Read more

COViSAL #215 - 12ª Distribución Aprobada en EE.UU.; Incertidumbre en Antigua

  COViSAL -  For Restitution COViSAL.ORG View this email in your browser COViSAL    FOR  RESTITUTION,   SINCE  2009         http://www.covisal.org COViSAL #215 - 12ª Distribución Aprobada en EE.UU.; Incertidumbre en Antigua 29 de noviembre de 2025 Estimada(o) amiga(o): Te escribo para presentarte una actualización consolidada sobre el estado de la Administración Judicial en EE.UU. y la Liquidación del SIBL en Antigua, tras el reporte oficial de los Liquidadores Conjuntos del 28 de noviembre de 2025.  Administración Judicial en EE.UU.: 12ª Distribución en Marcha, Pendiente de Ejecución Orden Judicial Firme del 25 de Noviembre : El Juez Godbey aprobó la modificación del Plan Final de Distribución, autorizando: Pago retroactivo de  $36.15 millones  a las entidades Magness, Knudson y St. Anne's. Inclusión de estas reclamaciones en la distribución final. Un porcentaje de distribución del  7.10% ...
Read more

Stanford Receivership – Final Distribution Plan – Request for Clarification on Payment Methods (Check vs. Wire Transfer) and Unanswered Inquiry re: $8.1 Million Swiss Funds

  Stanford Receivership – Final Distribution Plan – Request for Clarification on Payment Methods (Check vs. Wire Transfer) and Unanswered Inquiry re: $8.1 Million Swiss Funds Jaime R. Escalona   < jaenrodes@gmail.com > 8:36 AM (4 minutes ago) to  Info-SFC ,  Ralph ,  Kevin ,  David ,  brendan.day ,  John ,  Ed ,  judith.blakeway April 7, 2026 VIA EMAIL To: Gilardi & Co. LLC Claims Agent for the Stanford Receivership info@stanfordfinancialclaims. com Ralph S. Janvey, Receiver Receiver's Attorneys: Kevin Sadler, David Arlington, Brendan Day c.c.  John Little, Examiner President of OSIC (Official Stanford Investors Committee): Ed Snyder, Judith Blakeway. Re: Stanford Receivership – Final Distribution Plan – Request for Clarification on Payment Methods (Check vs. Wire Transfer) and Unanswered Inquiry re: $8.1 Million Swiss Funds Dear Sirs, I write  on behalf of COViSAL and numerous other claimants  who are confused a...
Read more