Law360, New York (July 27, 2010, 2:14 PM ET) -- The receiver for the estate of accused Ponzi schemer Robert Allen Stanford has sued Merge Healthcare Inc. to recover $9 million that he alleges Stanford's bank fraudulently transferred to the medical imaging company.
Stanford International Bank Ltd. used money from the sale of fraudulent certificates of deposit to make the $9 million payment after the bank was already insolvent, according to the complaint filed Monday by court-appointed receiver Ralph S. Janvey in the U.S. District Court for the Northern District of Texas.
“The Stanford parties were...
Stanford Receiver Sues Merge Healthcare For $9M
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