Stanford Receiver Seeks $1.5M From Broker-Dealer Exec

Law360, New York (July 14, 2011, 7:47 PM EDT) -- The receiver tasked with recovering money for victims of accused $7 billion Ponzi schemer Robert Allen Stanford filed suit Tuesday in Texas against the former chief financial officer of Stanford Group Co., seeking to recover $1.5 million in allegedly ill-gotten proceeds.

Juan Alberto Rincon served as CFO of SGC, Stanford's broker-dealer unit, from 1996 to 2007 and continued to consult for the company thereafter, helping it expand into South America, receiver Ralph S. Janvey contends.

According to the complaint, Rincon received more than $1.5 million in...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Janvey v. Rincon


Case Number

3:11-cv-01659

Court

Texas Northern

Nature of Suit

Other Statutes: Other Statutory Actions

Judge

David C Godbey

Date Filed

July 13, 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.