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 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...

COVi SAL For Justice & Restitution ____________________________________________________ La Administración Judicial del Stanford Financial Group y la Liquidación del SIBL… ¿Esperanza, castigo, o fraude? Seis años y tres meses han pasado desde que la debacle de Stanford destruyó   las vidas de 21,739 familias alrededor del mundo, cuando el 17 de febrero, 2009, la Securities and Exchange Commission   (“SEC”) de los Estados Unidos, abruptamente intervino el Stanford Financial Group en los Estados Unidos. Familias de América Latina son el grupo más afectado con 15,270, representando el 70% del total de depositantes del Stanford International Bank, Ltd. (“SIBL”), y con más de $4.000 millones de dólares en pérdidas. Depositantes de los Estados Unidos son el segundo grupo más grande. Estas familias confiaron sus ahorros a una empresa de un conglomerado estadounidense regulado y supervisado por el gobierno de los Estados Unidos. La mayoría de los depositantes d...