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...

COVi SAL For Justice & Restitution _____________________________________________________ Six years after Stanford Financial Group’s debacle – families receive pennies; US Receiver  and Joint Liquidators millions of dollars Today marks the six-year anniversary of the Stanford’s debacle that destroyed the lives of thousands of innocent families around the world when on February 17, 2009, the U.S. Securities and Exchange Commission (“SEC”), abruptly seized Stanford Financial Group worldwide. These families have watched with sadness while the possibility of receiving an economic relief that could mitigate their losses has all but vanished. The reality is that injustice continues for them as the U.S. Receiver and the Joint Liquidator generate fees and expenses for themselves, their attorneys, and other professionals - the sole beneficiaries so far, charging millions of dollars. Latin American families ar...

COALICION VICTIMAS DE STANFORD AMERICA LATINA (COViSAL) March 7, 2014 An Open Letter from COViSAL to the Antiguan Court and the Joint Liquidators challenging the Court’s decision authorizing claw back claims against innocent depositors   On February 17, 2014, COViSAL denounced the Joint Liquidators’ actions to claw back funds from innocent victims by sending a very damaging letter asking for the return of money withdrawn from their accounts during the six months prior to the collapse of the Stanford International Bank Limited (“SIBL”). They demanded a response within 120 days of receipt of the letter. This communication was sent in English and the majority of the victims, who are from Venezuela and other Spanish-speaking countries in Latin America, had difficulty understanding it. COViSAL’s response can be read at: http://covisal.blogspot.com/2014/02/stanfords-victims-defrauded-again-by.html On February 25, 2014, the Joint Liquidators sent another letter titled, “Sta...

    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...