September 19, 2025
The U.S. Securities and Exchange Commission has walked away from its $50 million case against former Ozy Media Inc. founder Carlos Watson after President Donald Trump granted him clemency earlier this year, and also dropped a long-dormant case against a co-conspirator in Robert Allen Stanford's $7 billion Ponzi scheme.
January 30, 2025
A Texas federal court on Wednesday entered a judgment finalizing a 2013 order requiring convicted Ponzi schemer Robert Allen Stanford to fork over $6.76 billion in the U.S. Securities and Exchange Commission's nearly 16-year-old suit over the $7 billion fraud scheme.
August 09, 2023
TD Bank, HSBC and Independent Bank have received final approval to settle claims against them in a nearly 15-year suit over their alleged complicity in the $7 billion Robert Allen Stanford Ponzi scheme.
May 10, 2023
A federal judge approved a $1.3 million judgment against the imprisoned former head of the Financial Services Regulatory Commission in Antigua and Barbuda for his involvement in a $7.2 billion Ponzi scheme orchestrated by convicted scammer Robert Allen Stanford.
May 01, 2023
The U.S. Securities and Exchange Commission has asked a Texas federal judge to enter a final judgment of more than $1.3 million against the imprisoned former head of the Financial Services Regulatory Commission in Antigua and Barbuda who admitted to obstructing an SEC investigation into the multibillion-dollar scheme run by convicted Ponzi scammer Robert Allen Stanford.
February 21, 2023
Societe Generale Private Banking (Suisse) SA has agreed to shell out $157 million to ditch investor litigation stemming from the multibillion-dollar scheme run by convicted Ponzi scammer Robert Allen Stanford, according to a motion filed in Texas federal court Tuesday.
February 07, 2023
The court-appointed receiver of the $7 billion scheme run by convicted Ponzi scammer Robert Allen Stanford notified the Texas federal judges presiding over related investor litigation of Trustmark National Bank's proposed $100 million settlement, which is being vetted on an expedited basis and includes $24.2 million in attorney fees.
July 18, 2022
The U.S. Securities and Exchange Commission has asked a federal judge in Texas to enter orders wrapping up its claims against convicted Ponzi schemer Robert Allen Stanford and certain Stanford associates and companies that allegedly played a central role in the $7 billion scheme.
June 27, 2022
The chairman of the Stanford International Bank has asked a federal judge in Dallas to toss the U.S. Securities and Exchange Commission's long-running litigation accusing him of using companies under his control to run a $7.2 billion Ponzi scheme.
September 08, 2021
The court-appointed receiver of the $7 billion scheme run by convicted Ponzi scammer R. Allen Stanford on Tuesday requested approval of $2.2 million in fees and expenses incurred between March 1 and April 30.