La. Investors Sue SEC Over Stanford Failures

Law360, New York (March 24, 2011, 6:42 PM EDT) -- A group of Louisiana investors who lost more than $18 million to Robert Allen Stanford sued the U.S. Securities and Exchange Commission in Texas on Thursday, alleging a conflict of interest within the agency kept it from halting the fraudster's Ponzi scheme.

According to a complaint filed in the U.S. District Court for the Northern District of Texas, Spencer Barasch, the former enforcement director in the SEC's Fort Worth office, stopped four separate investigations into Stanford International Bank Ltd. between 1997 and 2005. Barasch is not...
To view the full article, register now.




Case Information

Case Title

Robert Juan Dartez, LLC et al v. The United States of America

Case Number



Texas Northern

Nature of Suit

Other Statutory Actions


David C Godbey

Date Filed

March 24, 2011

Law Firms

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.