June 21, 2013
A Louisiana judge Friday threw out a putative class action alleging the U.S. Securities and Exchange Commission facilitated Robert Allen Stanford's $7 billion Ponzi scheme, finding the agency was shielded by a law barring suits over federal officials' discretionary choices.
July 03, 2012
Victims of Robert Allen Stanford's $7 billion Ponzi scheme on Monday slapped the federal government with a proposed class action, claiming a U.S. Securities and Exchange Commission office in Texas essentially facilitated the scheme by ignoring evidence of wrongdoing.