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Anderson et al v. United States of America
Case Number:
3:12-cv-00398
Court:
Nature of Suit:
Judge:
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June 21, 2013
SEC Escapes Stanford Victims' Suit Over $7B Ponzi Scheme
A Louisiana judge Friday threw out a putative class action alleging the U.S. Securities and Exchange Commission facilitated Robert Allen Stanford's $7 billion Ponzi scheme, finding the agency was shielded by a law barring suits over federal officials' discretionary choices.
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July 03, 2012
Stanford Victims Say SEC Office Let $7B Ponzi Scheme Happen
Victims of Robert Allen Stanford's $7 billion Ponzi scheme on Monday slapped the federal government with a proposed class action, claiming a U.S. Securities and Exchange Commission office in Texas essentially facilitated the scheme by ignoring evidence of wrongdoing.