Receiver Files Motion for Approval of 5th Interim Distribution Plan

On September 18, 2018, the Receiver filed a Motion for Approval of 5th Interim Distribution Plan.

To view a copy of the motion, click here

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum https://www.tapatalk.com/groups/sivg/



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King loses extradition appeal, what’s next?

An appeal was yesterday struck down for Leroy King, the embattled former administrator of the Financial Services Regulatory Commission (FSRC), who is seeking to stop his extradition to the United States to face 11 fraud related charges stemming from the US$7 billion Ponzi scheme by Allen Stanford.

The Eastern Caribbean Supreme Court handed down the decision during a sitting in St. Kitts. The ruling came several months after Antigua and Barbuda’s Director of Public Prosecutions, Anthony Armstrong, and King, through his lawyers, argued against and for the appeal respectively.

But, the legal journey which started several years ago, can be further prolonged if King appeals again, this time to the Privy Council. Efforts to reach his lawyer Dr. David Dorsett for comment last evening were unsuccessful.

So far though, King’s lawyers have not made any application for a stay of execution to stop the authorities in Antigua and Barbuda from turning him over to U.S. officials to finally face the court in that country which issued a warrant for him since 2009.

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 https://www.tapatalk.com/groups/sivg/



US firm settles fraud-tied claims for $63m

One Proskauer Rose has settled with investors, an investor committee, and the court-appointed receiver in the Stanford Financial Ponzi scheme for US$63m. The firm, which was fighting the claims for nine years, did not admit to any wrongdoing or liability.

A former Proskauer Rose partner, Thomas Sjoblom, represented companies of R. Allen Stanford. He was accused of helping delay a US Securities and Exchange Commission investigation into the financier, according to the American Bar Journal.

Legacy Chadbourne & Parke, where Sjoblom had also worked, settled claims connected to the Ponzi scheme in 2016 for US$35m.

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 https://www.tapatalk.com/groups/sivg/



Receiver files Additional Schedules of Payments to Be Made Pursuant to the 1st, 2nd, 3rd, and 4th Interim Distribution Plans

On August 29, 2018, the Receiver filed with the United States District Court for the Northern District of Texas, Dallas Division, the 18th Schedule of distribution payments under the 1st Interim Distribution Plan, the 9th Schedule of distribution payments under the 2nd Interim Distribution Plan, the 5th Schedule of distribution payments under the 3rd Interim Distribution Plan, and the 3rd Schedule of distribution payments under the 4th Interim Distribution Plan. These four Schedules will be followed by others, each of which will be submitted by the Receiver on a rolling basis. To view a copy of these four Schedules,

please click here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum https://www.tapatalk.com/groups/sivg/



Seventeenth Joint Advisory regarding Pending Motions

On May 18, 2018, the Receiver and the Examiner filed their seventeenth advisory to the Court regarding fully briefed motions ripe for ruling.

To view the advisory, please click here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum https://www.tapatalk.com/groups/sivg/



Receiver’s 15th Interim Report Regarding Status of Receivership, Asset Collection and Ongoing Activities

On May 18, 2018, the Receiver filed a report with the Court that discusses the status of the Receivership, the Receivership’s asset collection efforts and ongoing activities.

To view the report, click here.

For a full and open debate on the Stanford receivership visit the Stanford International Victims Group – SIVG official Forum https://www.tapatalk.com/groups/sivg/