April 16, 2015
A Texas federal judge on Wednesday denied a former ambassador to Ecuador's post-trial request and entered final judgment ordering the accused insider of Robert Allen Stanford's Ponzi scheme to pay more than $950,000 to the receiver for accepting fraudulent transfers.
February 13, 2015
A jury's verdict Friday finding a former adviser to convicted Ponzi schemer R. Allen Stanford had been unjustly enriched and should return his consulting fees is a significant victory for the receiver that indicates jurors' sympathy for the victims, lawyers say.
February 13, 2015
A Texas federal jury hearing the first trial against an alleged insider of convicted Ponzi schemer R. Allen Stanford on Friday said a former diplomat should return more than $700,000 he was paid by entities that were part of the $7 billion scheme, finding he had accepted fraudulent transfers.
February 12, 2015
A former diplomat facing down a fraudulent-transfer suit brought by the receiver in the R. Allen Stanford Ponzi scheme told a Texas jury on Thursday there is a "meanness" in the claim he must return $1.1 million he was paid in eight years of working for Stanford.
February 11, 2015
Taking the stand in his own defense for the first time Wednesday, a former diplomat told a Texas federal jury he never had any inkling he was working for a Ponzi scheme during the more than seven years he served on an advisory board for the Stanford Financial Group.
February 09, 2015
The receiver for convicted Ponzi schemer R. Allen Stanford on Monday told a Texas federal jury that a former U.S. ambassador and high-level diplomat should return $1.1 million he was paid by Stanford for consulting services and investments in fraudulent CDs.
February 06, 2015
Trial begins Monday in the first fraudulent transfer suit against an alleged insider of convicted Ponzi schemer R. Allen Stanford, but Dallas jurors may be reluctant to penalize the former U.S. diplomat who worked as a consultant for Stanford if he can show he provided honest services in good faith, white collar experts say.