Receiver Seeks $12.5M From Ex-Stanford Brass

Law360, New York (December 21, 2010, 2:24 PM EST) -- The court-appointed receiver in charge of recovering money for victims of Robert Allen Stanford's alleged $8 billion Ponzi scheme has pounced on four of the Texas financier's former colleagues, claiming that roughly $12.5 million they were paid belongs to investors.

On Friday, receiver Ralph S. Janvey fired off four suits in the U.S. District Court for the Northern District of Texas to reclaim millions of dollars in compensation from the former CEO of the Stanford brokerage, as well as the company's former general counsel, former chief...
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