Open Letter to U.S. Senate Judiciary Committee on 10th anniversary of Stanford Financial Group's debacle; families get pennies, attorneys millions
COV I SAL For Restitution February 21, 2019 The Honorable Lindsey Graham, Chairman Committee of Judiciary U.S. Senate 290 Russell Senate Office Building Washington, DC 20510 The Honorable Dianne Feinstein, Ranking Member Committee of Judiciary U.S. Senate 331 Hart Senate Office Building Washington, DC 20510 Re. 10 year anniversary of Stanford Financial Group’s debacle families have received pennies; Administrators and attorneys millions. Dear Chairman Graham and Ranking Member Feinstein: When Stanford Financial Group (SFG) was seized by U.S. authorities on February 16, 2009, the world changed dramatically for thousands of families in the U.S., Latin American, and other countries around the world that had invested their life savings in a promise of safety under the protective umbrella of the United States. For non-U.S. depositors it had seemed a wise decision, considering the volatile nature of many of their own governments, and it was on...