$83.5M Suit Says Willis Group Aided Stanford Fraud

Law360, Miami (June 4, 2013, 7:47 PM EDT) -- A group of holders of Stanford Financial Group CD accounts claims that Willis Group Holdings Public Limited Co. helped perpetuate Robert Allen Stanford's $7 billion Ponzi scheme, according to an $83.5 million class action removed from Florida state court Monday.

The plaintiffs, 64 citizens of El Salvador, Nicaragua, Panama, the United States and Spain who claim combined losses of more than $83.5 million, say that when they made their investments in Stanford Financial CDs, they relied on “safety and soundness” letters issued by Willis asserting that...
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