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...