SEC Judge Rules Ex-Stanford Execs Liable For Fraud

Law360, Los Angeles (August 5, 2013, 8:46 PM EDT) -- An administrative judge on Friday found three former executives of now defunct Stanford Group Co. liable for helping convicted fraudster Robert Allen Stanford pull off one of the biggest Ponzi schemes in history, resolving a proceeding launched last year by the U.S. Securities and Exchange Commission. 

Former SGC President Daniel Bogar, Chief Compliance Officer Bernerd E. Young and Senior Vice President Jason T. Green are all liable for fraud for endorsing marketing materials used to sell bogus certificates of deposits issued by Antigua-based Stanford International Bank Ltd.,...
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