Posts Tagged ‘Stanford Financial’

Hosemann: Stanford Denial is weak

by Published: October 12,2009

Tags: SIPC, Stanford Financial

At last week’s hearing, both officials and victims who testified repeatedly implored the state to fight for Securities Investor Protection Corporation (SIPC) funds for victims in the worst circumstances. SIPC, created by Congress in 1970, guarantees up to $500,000 per investor in case of an SIPC member firm’s failure. Investors are angry that victims of […] [...]

‘We got robbed the day we retired': Victims talk about Stanford debacle

Troy and Melanie Lillie of Maurice, La. lost their life’s savings in the Stanford Financial Group Ponzi scheme. “We got robbed the day we retired,” Melanie Lillie said in a post-hearing interview at the state Capitol Monday in Jackson. Her husband worked for Exxon Mobil in Baton Rouge for 29 years before retiring and instantly […] [...]

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