5th Circ. Rejects Stanford's Bid To Overturn $6.8B SEC Win
By Katryna Perera ( April 2, 2026, 5:35 PM EDT) -- A Fifth Circuit panel affirmed a lower court judgment requiring convicted Ponzi schemer Robert Allen Stanford to fork over $6.76 billion to the U.S. Securities and Exchange Commission in its 16-year-old suit over Stanford's $7 billion fraud scheme, finding that he failed to properly raise many of his arguments during the summary judgment stage....
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