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Showing posts with the label Stanford's case

Pennies for innocent families, millions for lawyers, in Stanford settlements

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...

Six years after Stanford Financial Group’s debacle – families receive pennies; US Receiver and Joint Liquidator Millions of Dollars

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...