Law360, New York (December 08, 2009, 2:33 PM ET) -- Having failed to pin down certain investors in Robert Allen Stanford’s alleged Ponzi scheme as relief defendants, the receiver for the Stanford estate is now taking a different tack to recover at least $545 million in proceeds that some 200 investors received from the alleged scam.
Ralph S. Janvey, the receiver tasked with untangling the assets of Stanford’s estate, filed an amended complaint Monday in the U.S. District Court for the Northern District of Texas, claiming investor proceeds from the Stanford scheme are recoverable as fraudulent...
Receiver Seeks $545M From Stanford Investors
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