SEC Judge Rules Ex-Stanford Execs Liable For Fraud

By Jeff Sistrunk (August 5, 2013, 8:46 PM EDT) -- An administrative judge on Friday found three former executives of now defunct Stanford Group Co. liable for helping convicted fraudster Robert Allen Stanford pull off one of the biggest Ponzi schemes in history, resolving a proceeding launched last year by the U.S. Securities and Exchange Commission. 

Former SGC President Daniel Bogar, Chief Compliance Officer Bernerd E. Young and Senior Vice President Jason T. Green are all liable for fraud for endorsing marketing materials used to sell bogus certificates of deposits issued by Antigua-based Stanford International Bank Ltd., according to an administrative ruling by Judge Carol Fox Foelak. The former executives' actions perpetuated...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!