COALICION VICTIMAS DE STANFORD AMERICA LATINA (COViSAL) An Open Letter by COVISAL to the Joint Liquidators of Stanford International Bank Limited, the US Receiver, the US Department of Justice and  the  Official Stanford Investors Committee March 27, 2012 Dear Joint Liquidators, US Receiver and Department of Justice, The saga drags on for the victims of Stanford’s fraud as litigation continues to generate fees for attorneys, the only beneficiaries so far, charging millions of dollars in fees and reimbursed expenses. On March 9 th 2012, Mr. Janvey filed his 16 th interim fee application before the U.S. District Court for the Northern District of Texas in Dallas. The motion is in Securities and Exchange Commission v. Stanford International Bank, Ltd. et al. Mr. Janvey requested the approval from the Court to pay $1.6 million in fees to his attorneys, including his firm, from October 1st, 2011 to December 31, 2011. For only three months of work these firms will recei...

El 5to. Circuito Reversa las Decisiones de SLUSA  del Juez Godbey El 19 de marzo, 2012, el 5to Circuito de la Corte de Apelaciones emitió su opinión revocando las órdenes del Juez Godbey encontrando que SLUSA, la Securities Litigation Uniform Standards Act, aplicadas a y que requerían la desestimación de las demandas Roland v. Green, Troice v. Willis y Troice v. Proskauer Rose.  El 5to Circuito remitió las demandas de Roland v. Green a la corte Estatal de Louisiana, donde fue originalmente registrada, y remitió las demandas de Troice v. Willis y Troice v. Proskauer Rose a la Corte del Juez Godbey para su procedimiento judicial adicional. Los demandados en cualquiera o todas estas demandas pueden registrar una petición para revisión en la Corte Suprema de los Estados Unidos. http://www.lpf-law.com/sub/stanford.jsp 

    --- traducción al español por COViSAL --                              Ultima Actualización – 19 de marzo, 2012     Desde la conclusión del juicio criminal de Allen Stanford en Houston, Texas,  el Examinador ha recibido un gran número de correos electrónicos de inversionistas de Stanford solicitando la liberación inmediata de aproximadamente $330 millones que han estado congelados en Canadá, Inglaterra y Suiza, a petición del Departamento de Justicia (“DOJ”). De estos correos electrónicos se aprecia que existe una gran confusión entre los inversionistas de Stanford sobre la situación de los fondos congelados. Actualmente, los fondos han sido congelados en Canadá, Inglaterra y Suiza, a petición del DOJ. Las cantidades aproximadas congeladas en cada jurisdicción son, en dólares americanos, de $200 a $210 millones en Suiza,  $100 millones en Inglaterra y $20 millones en Canadá....

5th CIRCUIT REVERSES JUDGE GODBEY'S SLUSA DECISIONS On March 19, 2012, the 5th Circuit Court of Appeals issued its opinion reversing Judge Godbey’s orders finding that SLUSA, the Securities Litigation Uniform Standards Act, applied to and required the dismissal of the Roland v. Green, Troice v. Willis and Troice v. Proskauer Rose lawsuits. The 5th Circuit remanded the Roland v. Green lawsuit to the Louisiana state court where it was originally filed, and it remanded the Troice v. Willis and Troice v. Proskauer Rose lawsuits to Judge Godbey’s court for further proceedings. The Defendants in any or all of those lawsuits may seek further review by the full 5th Circuit court or may file a petition for review with the United States Supreme Court. You may review a copy of the 5th Circuit’s opinion HERE . http://www.lpf-law.com/sub/stanford.jsp  

Last Update March 19, 2012 EXAMINER'S COMMENT CONCERNING FROZEN STANFORD FUNDS   Since the conclusion of Allen Stanford’s criminal trial in Houston, Texas, the Examiner has received a large number of emails from Stanford Investors seeking the immediate release of the approximately $330 million that has been frozen in Canada, the United Kingdom and Switzerland at the request of the Department of Justice (DOJ). From those emails, it is apparent that there is considerable confusion among Stanford Investors concerning the status of those frozen funds. At present, funds have been frozen in Canada, the United Kingdom and Switzerland at the request of the DOJ. The approximate amounts frozen in each jurisdiction are US $200 to $210 million in Switzerland, US $100 million in the United Kingdom, and US $20 million in Canada. At the conclusion of Allen Stanford’s criminal trial, the jury delivered a verdict concerning DOJ’s request to have these frozen funds forfeited to DOJ as the procee...

COALICION VICTIMAS DE STANFORD AMERICA LATINA (COViSAL) 18 de marzo, 2012 Para :        Víctimas de Stanford                                                         De :          Jaime R. Escalona         Asunto :    Exijamos la distribución de los $330 millones sin más demoras. Estimados amigos: Después del veredicto de culpable emitido en contra de R. Allen Stanford el 6 de marzo de 2012, el jurado federal escuchó testimonios referentes a 29 cuentas financieras localizadas en el exterior con un valor estimado de $330 millones y el 8 de marzo ordenó que fueran confiscadas y el dinero decomisado por los Estados Unidos devuelto a las víctimas. Debemos exigirles a los Liquidad...

Stanford Guilty but Victims in Limbo FRIDAY, 09 MARCH 2012 02:29  JAIME R ESCALONA  ANTIGUA NEWS  -  LATEST Stanford Guilty but Victims in Limbo Antigua St John's - The Coalición Víctimas de Stanford América Latina (“COViSAL) has acknowledged the recent news about R Allen Stanford’s guilty verdict as partial justice. Jaime R Escalona, leader and founder of COViSAL, explained: “This decision would allow attorneys pursuing lawsuits against third parties to access records and documents indispensable to successfully achieving their actions.” Escalona added, “The guilty verdict has defined Mr Stanford’s future in jail; however, the future of thousands of innocent victims around the world continues to be one of poverty and uncertainty.” COViSAL asked the US Department of Justice, the US receiver, Ralph Janvey, and the joint liquidators of the Stanford International Bank (“SIBL”) in Antigua, Marcus Wide and Hugh Dickson, “To sign a Cross-Border Insolvency Cooperation P...