Stanford Receivers Settle Row Over $300M In Overseas Assets

Law360, New York (March 12, 2013, 7:32 PM EDT) -- U.S. and Antiguan receivers in charge of compensating victims of Robert Allen Stanford's $7 billion Ponzi scheme have reached a deal to resolve disputes about jurisdiction over money he deposited overseas, they said Tuesday.

The settlement agreement, which ends several years of infighting between the two camps, lays out how they will handle $300 million assets that Stanford had squirreled away in Canada, the U.K. and Switzerland.

Stanford, a wealthy Texan, rose to prominence as the head of the multinational financial services group that bore his...
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