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Tag Archives: R. Allen Stanford

Lawmakers write letter to SEC chair over Stanford Ponzi scheme ruling

WASHINGTON — Members of Mississippi’s congressional delegation, including U.S. Sens. Thad Cochran, R-Miss., and Roger Wicker, R-Miss., and U.S. Reps. Gregg Harper, R-Miss., Alan Nunnelee, R-Miss., and Steven Palazzo, R-Miss., have written a letter to Securities and Exchange Commission (SEC) Chair Mary Jo White to appeal a recent ruling by the U.S. Court of Appeals regarding the Ponzi scheme perpetrated ...

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SEC: Investors should be compensated from fund

HOUSTON — The U.S. Securities and Exchange Commission has said that many investors who lost money in the alleged Ponzi scheme run by jailed Texas financier R. Allen Stanford should be compensated by a special reserve fund mandated by Congress that protects customers of failed brokerage firms. Mississippians had a total of about $391 million invested with three Stanford offices ...

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Stanford crisis affected many

Mississippians had a total of $391 million invested with Stanford offices in the state The state Capitol was packed in October for testimonies of four victims and two former brokers involved in the Stanford Financial Group fraud scheme. The hearing was organized by the Secretary of State, and a report has since been released with recommendations on further fraud prevention. ...

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