Stanford Receiver Tells Jury Investor Should Repay $90M

Law360, Dallas (January 9, 2017, 10:26 PM EST) -- The receiver for the $7 billion Ponzi scheme run by R. Allen Stanford asked a Texas federal jury Monday to allow him to recoup nearly $90 million from a billionaire investor who allegedly learned insider information that tipped him off Stanford was running a fraud.

Kicking off a trial expected to last about a week and a half, receiver Ralph Janvey told jurors investor Gary Magness knew or should have known Stanford International Bank Ltd. was insolvent and engaged in fraudulent activity at the time his...
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Case Information

Case Title

Janvey v. GMAG LLC et al


Case Number

3:15-cv-00401

Court

Texas Northern

Nature of Suit

Other Statutes: Securities/Commodities/Exchange

Judge

David C Godbey

Date Filed

February 6, 2015

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