Insurance Brokers Accused Of Aiding Stanford Plot

Law360, New York (July 6, 2009, 12:00 AM EDT) -- A putative class of Mexican investors has sued U.K.-based insurance broker Willis Group Holdings Ltd. and others for allegedly helping Robert Allen Stanford perpetuate a $7 billion Ponzi scheme.

In a 56-page complaint filed Thursday in the U.S. District Court for the Northern District of Texas, the plaintiffs accuse Willis Group, fellow insurance broker Bowen Miclette & Britt and two individuals of providing Stanford — chairman of Houston-based Stanford Financial Group — with certain “safety and soundness” letters used for marketing purposes to obtain prospective clients....
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Case Information

Case Title

Troice et al v. Willis of Colorado, Inc. et al


Case Number

3:09-cv-01274

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

David C Godbey

Date Filed

July 2, 2009

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