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% ...

  November 18, 2024 The Honorable Merrick Garland Attorney General of the United States U.S. Department of Justice 950 Pennsylvania Avenue N.W. Washington, D.C. 20530 Subject : TD Bank Pleads Guilty and Stanford's victims who have been made invisible cry out for justice. Dear Attorney General Garland, 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 brought together thousands of families from Latin America, the United States, and around the world since 2009, urgently renew our plea for justice and restitution. The Department of Justice’s (" DOJ ") failure to act against the financial institutions that facilitated the fraud has prolonged our suffering. We draw your attention to COViSAL's November 6. 2024 letter to the Honorable Judge Esther Salas in Case No. 2:24-cr-00667-ES-1. United States v. TD Bank, N.A., [United S...

COViSAL #190 - Summary of the Update to Creditors of SIB /Antigua. March 26, 2024. On March 26, 2024, Joint Liquidator Mark McDonald /Stanford International Bank Limited - in Liquidation ("SIB"), published the Latest Update to Creditors. See the report at the following links: Link to the original English document: https://www.sibliquidation.com/wp-content/uploads/2024/03/JLs-Report-to-Creditors-March-2024-FINAL.pdf Link to original Spanish document: http://es.sibliquidation.com/wp-content/uploads/2011/08/JLs-Report-to-Creditors-March-2024-SPANISH-TRANSLATION.pdf Link to the Spanish translation by COViSAL: https://www.covisal.org/2024/03/sib-actualizacion-acreedores-marzo-2024.html COViSAL Summary: Payments to Creditors: The SIB /Antigua Liquidation has made 3 payments totaling $133,180,958.00 equivalent to 2.6% of the amount admitted in each Claim.  $117,955,128.00 million was paid through checks and bank transfers. $15,225,830.00 million in unclaimed and accumulated funds to...

Time is of the Essence: Release Stanford Settlement Funds to Suffering Victims Now From: Jaime R. Escalona < jaenrodes@gmail.com > Sent: Tuesday, February 6, 2024 12:10 AM To: Ralph Janvey < rjanvey@kjllp.com > Cc: Kevin.sadler@bakerbotts.com ; John Little < john@johnjlittlelaw.com >; Morgenstern, Peter < morgenstern@butzel.com >; Ed Snyder < esnyder@casnlaw.com > Subject : Time is of the Essence: Release Stanford Settlement Funds to Suffering Victims Now Dear Mr. Janvey, Thousands of families continue to grapple with financial and medical hardship due to Stanford's fraud. While the recent $100 million settlement from Trustmark offers a glimmer of hope, the proposed 25% attorney fee award leaves a mere $75 million for distribution. We urge you to prioritize victim relief by expediting the release of these funds without further delay . The mentioned distribution schedule, requiring court approval, presents a hurdle. We implore the Court to swiftly grant...

 

Pennies for innocent families, millions for lawyers, in Stanford settlements September 26, 2016 Jaime Escalona with family in Venezuela Austin, Texas ( rushPRnews ) 09/26/16 — COViSAL, a  coalition  of affected families in Latin America and around the world write an objection letter to the latest agreements in Stanford's case. September 23, 2016 Honorable David Godbey, U.S. District Court in Dallas; Civil action: 3:09-CV-0298-N We respectfully write to you in order to express our objection to the recent agreement reached by the U.S. Receiver and his attorneys, the Official Stanford Investors Committee, and the underwriters at Lloyd's of London. The continued delay in distribution from previous agreements has further frayed any trust the victims have in the Receiver and his attorneys. The saga drags on for thousands of families as they are forced to wait for money from the first agreements reached... https://rushprnews.com/2016/09/26/pennies-for-innocent-fa...

COViSAL For Justice & Restitution _______________________________________ For a fistful of dollars two gangs continue to fleece innocent families Wednesday, November 18, 2015 • Jaime Escalona speaking on behalf of COViSAL denounces millions of dollars in fees, and the fleecing of thousands of innocent families. • What’s been recovered by the US Receiver and Joint Liquidators during almost 7 years, goes to pay exorbitant attorneys’ fees and expenses. Until now, the only ones benefiting from the receivership and the liquidation of the Stanford Financial Group (“SFG”) and the Stanford International Bank Limited (“SIBL”), are the attorneys and their professionals. “It appears that they are purposely prolonging the legal process and litigation to continue generating millions of dollars in fees for themselves until the creditor’s patrimony is depleted," affirms Jaime Escalona, founder and leader of COViSAL, an international coalition of depositors...