Stanford Receiver Targets 2 Law Firms Over $1.8B

Law360, New York (February 22, 2012, 6:52 PM EST) -- Robert Allen Stanford receiver Ralph S. Janvey hit two Louisiana law firms with a lawsuit last week alleging they helped the Ponzi schemer fraudulently obtain state approval for one of his companies, referred clients in exchange for benefits and misappropriated more than $1.8 billion.

According to the 84-page complaint, New Orleans-based Adams and Reese LLP and Baton Rouge-based Breazeale Sachse & Wilson LLP actively assisted Stanford’s $7 billion scheme despite its alleged awareness of the improper conduct that was occurring.

Janvey claims that while the firms...
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