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>>> March 31, 2009

Stanford executive Pendergest-Holt sues lawyer

HOUSTON, March 31 (Reuters) - Stanford Financial Group's chief investment officer, who is charged with an $8 billion fraud by U.S. regulators, filed a $20 million lawsuit accusing the firm's former attorney of malpractice that led to her arrest.

>>> March 30, 2009

Stanford's Libyan Connection

Last November, Stanford may have met with a representative of the Libyan government to discuss their interest in putting a significant investment into Stanford’s offshore bank in Antigua. Soon after the meeting, which took place in Washington, D.C., Stanford boasted to a number of his top executives that the Libyans were sinking more than a $100 million into the bank’s now infamous high-yielding certificates of deposit.

>>> March 26, 2009

Judge approves $10 million Stanford expense fund

A federal judge approved a motion by Stanford Financial Group’s court-appointed receiver to set aside a $10 million fund for future expenses. U.S. District Judge David Godbey approved the shift of the funds currently held in an account with clearing bank Pershing to a Stanford account controlled by the receiver, Dallas attorney Ralph Janvey. The funds can be used to reimburse expenses of the receiver and the firms working for it.

>>> March 25, 2009

NY jury convicts ex-Morgan Stanley exec

LOS ANGELES (Reuters) - A New York jury on Tuesday convicted a former Morgan Stanley Co supervisor of securities fraud and other charges for his part in a kickbacks scheme involving the stock-loan industry.

>>> March 24, 2009

AIG's Six Year Saga Of Alleged Fraud

The recent outcry over $165 million in post-bailout bonus payments has put AIG on the hot seat. But, in fact, the bonus disbursement is perhaps the least serious in a string of actions by the insurance giant that span six years and involve several cases of alleged fraud.

>>> March 23, 2009

Ponzi Scheme Victims All Missed an Easy Clue: Bogus Auditors

March 19 (Bloomberg) -- The arrest of Bernard Madoff’s accountant highlights the peril posed by bogus auditors at the heart of Ponzi schemes that have bilked investors out of billions of dollars.

>>> March 19, 2009

FINRA Dispute Resolution Update - March

Topics in this Announcement: -- SEC Approves Amendments to Require Arbitrators to Provide an Explained Decision at Parties' Joint Request -- SEC Approves Amendments Raising the Threshold for Single Arbitrator Cases to $100,000 -- Proposed Rule Change to Amend the Customer and Industry Codes -- SEC Approves New Motion to Dismiss Rule and Amendment to the Eligibility Rule in Arbitration -- Revised Expungement Training Course -- Neutral Workshop -- The Neutral Corner, Volume 1--2009 -- Statistics

>>> March 18, 2009

Madoff’s Accountant Is Charged With Securities Fraud

The accountant who provided auditing services to Bernard L. Madoff’s investment advisory business for more than a decade, operating out of a tiny storefront office in Rockland County, was charged on Wednesday with securities fraud and aiding investment adviser fraud in connection with Mr. Madoff’s vast Ponzi scheme.

>>> March 13, 2009

Thousands more Stanford accounts being unfrozen

DALLAS — Another 16,000 Stanford Financial Group accounts with $4.1 billion in assets should be free of a court-ordered freeze following a ruling Thursday by a federal judge in Dallas.

>>> March 12, 2009

Madoff Is Guilty in Ponzi Scheme; Ordered to Jail

March 12 (Bloomberg) -- Bernard Madoff was jailed after admitting he masterminded the largest Ponzi scheme in history, an epic swindle that may have reached $65 billion and made him the symbol of investor distrust in a global recession.

>>> March 11, 2009

Madoff to Plead Guilty in Largest U.S. Ponzi Scheme

March 10 (Bloomberg) -- Bernard Madoff, the New York money manager accused of leading the largest Ponzi scheme in U.S. history, will plead guilty later this week to 11 criminal charges, his lawyer told a federal judge.

>>> March 10, 2009

Avoiding Investment Scams

The current financial crisis has not only battered the portfolios of many investors, it has also placed a spotlight on investment fraud. In turbulent economic times, ongoing schemes tend to unravel as wary investors begin demanding their cash. And the opportunity for new fraud can rise, as fraudsters look for any hook to exploit those who hope to recover their losses.

>>> March 4, 2009

United States of America v. Laura Pendergest-Holt: Criminal Complaint

This affidavit is submitted in support of a complaint charging LAURA PENDERGEST-HOLT ("PENDERGEST-HOLT") with obstruction of a proceeding before an agency of the United States, this is, the Securities and Exchange Commission ("SEC"), in violation of 18 U.S.C. §1505.

>>> March 4, 2009

Some Stanford investors may have to repay funds

Some Stanford Financial Group investors now in their third week without access to their funds may need to stop asking how much money they’ll get back and start preparing for how much they may have to pay back.

>>> March 2, 2009

State seizes firm’s funds

AUSTIN — Using state licensed insurance agencies and ads on Craigslist, a Houston company lured almost 300 older Texans into investing about $30 million in what the state is calling a fraud scheme.

>>> March 2, 2009

Billions Missing From Stanford Funds

The official overseeing what's left of "Sir" R. Allen Stanford's financial empire has found only scraps of the $8.2 billion in assets the accused fraudster once claimed.

>>> March 2, 2009

Securities and Exchange Commission v. Stanford et al. - Complaint

Securities and Exchange Commission, Plaintiff, v. Stanford International Bank, Ltd., Stanford Group Company, Stanford Capital Management, LLC, R. Allen Stanford, James M. Davis, and Laura Pendergest-Holt Defendants

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