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...

COALICION VICTIMAS DE STANFORD AMERICA LATINA (COViSAL) March 3, 2014 Response from COVISAL to the US Receiver Open Letter dated February 14, 2014 Five years after Stanford’s fraud – Some Stanford victims receive 1 penny, US Receiver  $ 127.2 million  in Fees and Expenses It is ironic that the US Receiver decided to send an Open Letter to all the families affected by the Stanford fraud on Valentine's day. Did he mean to write a message of love and hope after five years?  Unfortunately, the only love and hope we see is not coming from the Receiver. The reality is that injustice continues for the victims of Stanford’s fraud as the administration of the receivership continues to generate fees for themselves, their attorneys, and other professionals - the sole beneficiaries so far, charging millions of dollars in fees and expenses. Mr. Janvey doesn’t know how the victims feel, because he is not in their shoes. Families are living off of charity from nei...

Stanford U.S. Receiver Has Deal With Antigua Counterpart By  Laurel Brubaker Calkins  -  Mar 12, 2013 R.  Allen Stanford ’s Antiguan- appointed liquidators agreed to stop seeking control of the convicted financier’s assets in a deal that may allow defrauded investors to recover some of the $300 million Stanford stashed in accounts outside the U.S. Receivers appointed by the U.S. and the Antiguan courts have battled for four years to control assets recovered from Stanford’s financial-services empire. Stanford, 62, was convicted last March of leading a $7 billion investment fraud based on bogus certificates of deposit at his Antigua-based bank. He was sentenced to 110 years in prison. “The funds that are the subject of this agreement represent the largest available source of investor money that Allen Stanford had not already spent by the time his  Ponzi scheme  collapsed,” Kevin Sadler, lead attorney for U.S. receiver Ralph Janvey, said in an e-m...

COALICION VICTIMAS DE STANFORD AMERICA LATINA (COViSAL) Estimados amigos: Anexo les envío copia del artículo publicado hoy 22 de agosto de 2012 por el Mundo, Economía y Negocios de Venezuela titulado: "1º de septiembre vence plazo para reclamos al Stanford" que habla por si solo. Jaime R. Escalona Director Coalición Víctimas de Stanford América Latina (COViSAL) http://covisal.blogspot.com/                  Twitter: @COViSAL jaenrodes@gmail.com                 victimasdestanford@gmail.com Caracas: (0412) 617 2438         (0414) 377 5898

'You, sir, are a dirty, rotten, scoundrel’: Victim of disgraced financier Allen Stanford addresses man who defrauded investors out of $7billion as he is sentenced to 110 years in prison  Stanford was convicted in March of 13 or 14 counts of fraud He had been running his Ponzi scheme for two decades  Prosecutors sought maximum sentence of 230 years  Stanford was once considered 605th richest man in the world Organized series of high-paying cricket matches between England and a Caribbean side  Fellow Ponzi schemer Bernard Madoff is serving 150-year prison term  By SNEJANA FARBEROV and BOB GRAHAM PUBLISHED: 13:34 EST, 14 June 2012 | UPDATED: 16:53 EST, 14 June 2012 Former Texas tycoon R. Allen Stanford was sentenced on Thursday to 110 years in prison for orchestrating one of the largest Ponzi schemes in U.S. history that had defrauded investors out of $7 billion in the course of 20 years. Stanford’s glittering billionaire innings that led to ...