Kenneth Rijock

Kenneth Rijock

Wednesday, June 13, 2012

GOVERNMENT SEEKS $5.9bn FORFEITURE FROM STANFORD



The US Attorney in the Stanford criminal case has requested that an order of forfeiture be entered against convicted Ponzi schemer Allan Stanford in the amount of $5.9bn. This is believed to be the total amount taken in by Stanford's Antigua investment scheme.




Sentencing is set for tomorrow, The Government previously asked for a sentence of 230 years.Stanford has been declared indigent in his case, though assets in overseas accounts that he controlled exist, and will most likely be targeted. We will release the sentencing details as soon as they are known.




2 comments:

Note: Only a member of this blog may post a comment.