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...

28 de junio, 2023 Mark McDonald Liquidador Conjunto Stanford International Bank Limited - in Liquidation Asunto : Exigencia de COViSAL a Grant Thornton para que después de catorce (14) años de ineficacia, presente un reporte claro con resultados y el plan de cierre de la Liquidación del SIBL.    Estimado Sr. McDonald: Yo, Jaime R. Escalona , en mi carácter de fundador de COViSAL, coalición que agrupa más de 1500 sobrevivientes de la debacle del Stanford Financial Group; por medio de esta carta le transmito el disgusto de sus miembros por su siete (7) meses de silencio y la exigencia que me han hecho para que le solicite un informe detallado de los planes y estrategias en la conclusión de los litigios pendientes, cierre de la Liquidación del Stanford International Bank Limited ("SIBL") y distribución de los fondos restantes. Es obvio que recuperaciones adicionales por medio de litigios son inciertas. El litigio principal contra el Toronto Dominion Bank en Canadá por $4,50...

 

COViSAL For Justice & Restitution _______________________________________ Por un puñado de dólares dos bandas continúan desplumando a familias inocentes Martes 17 de noviembre, 2015 • Jaime Escalona hablando en nombre de COViSAL denuncia millones de dólares en honorarios y, el desplumaje de miles de familias inocentes. • Lo qué han recuperado el Síndico de los Estados Unidos y los Liquidadores Conjuntos durante los últimos 7 años ha sido usado para pagar gastos y honorarios exorbitantes de los abogados. Hasta el momento, los únicos beneficiados de la administración judicial del Stanford Financial Group (“SFG”)  en Estados Unidos y la liquidación del Stanford International Bank Limited (“SIBL”) en Antigua, son los abogados y sus profesionales. “Pareciera que están prolongando a propósito el proceso legal y los juicios para continuar generando millones de dólares en honorarios y gastos para sí mismos, hasta consumir en su totalidad el patrimonio de l...

COVi SAL For Justice & Restitution ____________________________________________________ Six years and three months have passed since Stanford’s debacle destroyed the lives of 21,739 innocent families around the world when on February 17, 2009, the U.S. Securities and Exchange Commission (“SEC”) abruptly seized Stanford Financial Group in the United States. The largest group is Latin American families with 15,270 victims representing 70% of the total depositors in the Stanford International Bank, Ltd. (“SIBL”) and more than $4 billion in losses. Depositors from the United States are the second largest group. These families entrusted their savings to a company belonging to an American conglomerate regulated and supervised by the U.S. Government. The majority of Stanford’s depositors are modest people; many are elderly, ill, close to retirement, or families with special needs children.  All are unable to pay for their critical medical treatments and living exp...

    COALICION VICTIMAS DE STANFORD AMERICA LATINA (COViSAL)   February 17, 2014 Stanford’s victims feel defrauded again by the Joint Liquidators Marcus Wide & Hugh Dickson of Grant Thornton. Innocent Stanford victims are in a panic - many suffering emotional distress. Today marks the five year anniversary of the Stanford debacle and the Joint Liquidators Marcus Wide and Hugh Dickson, of Grant Thornton, decided to give Stanford’s defrauded depositors an anniversary present - a letter asking for the return of money that they withdrew during the six months prior to the collapse of the Stanford International Bank Limited (“SIBL”). The Letter from Marcus Wide and Hugh Dickson of Grant Thornton reads as follows:   “I write further to my previous notification to you regarding your claim, which was allowed in the amount of (x dollars) under the above Primary Express Account. A significant amount of funds was withdrawn in th...