The receiver for R. Allen Stanford’s $7 billion Ponzi scheme demands documents from the State Department and Customs as he hunts for $16.4 million in fraudulent transfers.
Ralph Janvey filed motions to compel the two agencies to deliver records on forrmer Stanford insiders David Miguel Nanes and wife Hasibe Elizabeth Ancona. His May 21 motion in Federal Court seeks their passport records and any contact information on file.
Stanford was convicted in 2012 in Houston of selling phony certificates of deposit. He is serving 110 years in federal prison.
“The Receiver believes that Mr. Nanes and Ms. Ancona have both possession and knowledge of the location of several million dollars that Mr. Nanes and his companies received as fraudulent transfers from the Stanford Ponzi scheme,” the 20-page motion to compel the State Department states. “Indeed, the receiver has a judgment against Mr. Nanes’s company, Wealth Management Services, Ltd., in a separate lawsuit for over $9.8 million in fraudulent transfers.”……………….
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