STANFORD BANK RECEIVER ONLY PAYING VICTIMS A DROP IN THE BUCKET

If you missed it, the receiver in the billion dollar Stanford International Bank Ponzi scheme has authorised a disbursement to the bank's victims. Whilst it is in the millions of dollars, due to the size of the claimants, there will only be a distribution of one per cent of their losses. Remember that the next time a client comes to you with a story about how he or she is beating the stock market by investing in a sure thing, with a high return, and tell your client the Allen Stanford story.