Receiver files 1st Schedule of Payments to be Made Pursuant to the 3rd Interim Distribution Plan

On September 16, 2016, the Receiver filed his 1st Schedule of distribution payments under the 3rd Interim Distribution Plan with the United States District Court for the Northern District of Texas, Dallas Division. The 1st Schedule will be followed by others, each of which will be submitted by the Receiver on a rolling basis.

To view a copy of the 1st Schedule, please click here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



Stanford Ponzi Opt-Outs Sue Insurance Broker

People with $135 million in claims from R. Allen Stanford’s $7 billion Ponzi scheme sued British insurance broker Willis Ltd., claiming it aided and abetted the fraud by issuing false “safety and security” letters.

Lead plaintiff Edna Abel and 274 other individuals or couples hold more than $135 million in claims approved by court-appointed receiver Ralph Janvey. Stanford, 65, was sentenced in 2012 to 110 years in federal prison for 13 of 14 counts of conspiracy, wire fraud and mail fraud.

Abel et al. sued Willis of Colorado Inc., WGH Holdings Ltd., and Willis Ltd. on Monday in Dallas Federal Court.

They claim they and their financial advisers were “all influenced” by Willis’s conspiring in the scheme, in which they bought Stanford’s phony certificates of deposit.

“For many of these plaintiffs, their Stanford investments represented significant portions of their life savings,” the complaint states. “These letters provide assurances to potential purchasers of CDs that, among other things, Stanford Financial had passed stringent risk management review by outside auditors.”

To view the full article, click Here

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



Stanford Receiver, Investors Seek OK Of $120M Willis Deal

The receiver overseeing recovery for victims of R. Allen Stanford’s $7 billion Ponzi scheme and investors on Wednesday asked a Texas federal judge to sign off on a $120 million settlement with insurance brokerage Willis Towers Watson Public Ltd. Co.

Willis had been accused of aiding Stanford’s scheme by vouching for him and his insurance policies in letters to investors, mainly in Latin America, which investors claim helped convince Stanford’s victims that their investments were safe and insured.

The receiver, Ralph S. Janvey, as well as…

To view the full article, click Here

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



Receiver files 5th Schedule of Payments to be Made Pursuant to the 2nd Interim Distribution Plan

On September 2, 2016, the Receiver filed his 5th Schedule of distribution payments under the 2nd Interim Distribution Plan with the United States District Court for the Northern District of Texas, Dallas Division. The 5th Schedule will be followed by others, each of which will be submitted by the Receiver on a rolling basis.

To view a copy of the 5th Schedule, please click here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



Time Frame of next distribution from US Receiver

To Gilardi 
I have tried to talk to you on the phone, today I have waited more than 9 minutes and no one has answered, the machine at the time said there was no body before my call.
Would like to know when are you going to distribute the last order of distribution orders by the Court on March 22-2016. We need to know aka soon as possible. Thank you
You may respond to me at this e-mail (email address redacted)

Response from Gilardi 
Dear Claimant,
A distribution schedule pursuant to the Receiver’s 3rd Interim Plan has not yet been approved by the Court, the claims agent will not be able to speculate on when a distribution will occur until after a distribution schedule is approved.

To Gilardi 
You are not correct, the distribution process was approved by the court on March 22-2016. Please give information that is correct and remember, we are asking for what is rightfully ours, and you must answer as soon as possible.

Response from Gildardi 
Dear Claimant,
There is a difference between a distribution plan being approved and a specific distribution schedule or schedule of payments being approved. As an example please refer to the Order Approving Receiver’s Second interim Distribution Plan vs. Receiver’s 1st Schedule of Payments to be made Pursuant to the 2nd Interim Plan.

Until a schedule of payments pursuant to the 3rd Interim Plan is approved by the Court, the Claims Agent will not be able to speculate on when payments will begin.


Read more Here

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/



Receiver files 4th Schedule of Payments to be Made Pursuant to the 2nd Interim Distribution Plan

On August 10th, 2016, the Receiver filed his 4th Schedule of distribution payments under the 2nd Interim Distribution Plan with the United States District Court for the Northern District of Texas, Dallas Division. The 4th Schedule will be followed by others, each of which will be submitted by the Receiver on a rolling basis.

To view a copy of the 4th Schedule, please click here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum http://sivg.org.ag/