LexisNexis® Legal Newsroom
SEC Files Lawsuit Against SIPC in Dispute Over Coverage of Stanford Ponzi Scheme

In a likely unprecedented move, the Securities and Exchange Commission ("SEC") filed a lawsuit against the Securities Investor Protection Corporation ("SIPC") as the culmination of a six-month effort to force SIPC to compensate victims of R. Allen Stanford's $7 billion Ponzi...

The Ghost of Scandals Past Continues to Haunt the SEC

The Madoff and Stanford debacles seems to never fade away for the Commission. Madoff of course is in prison but the litigation goes on. The failures of the Commission and others such as FINRA continue to linger. The Stanford case appears to be finally heading for trial. Again however the memory of...

Convicted Ponzi Schemer Stanford Sentenced to 110 Years In Federal Prison

HOUSTON - (Mealey's) The federal judge in Texas overseeing the criminal case of convicted Ponzi scheme mastermind R. Allen Stanford sentenced Stanford to 110 years in federal prison on June 14 ( United States of America v. Robert Allen Stanford , No. 09-342, S.D. Texas; See March 2012, Page...

Lawsuit Accuses Antigua of Acting as Stanford's 'Blood Brother'

"Stanford received land transfers with government assistance [in return], operated Antigua's airport, built the national library, sponsored the country's cricket tournament, and improperly 'loaned' the government tens of millions of dollars of the CD investors' money for ...