SEC charges Robert Allen Stanford and three of his companies for defrauding investors worldwide, resulting in losses of over $9 billion.

The SEC has filed a complaint in Dallas, Texas alleging a massive on-going fraudulent investment scheme orchestrated by Robert Allen Stanford, his family, friends and confidants which caused losses to investors of over $9 billion. The scheme was perpetrated through a network of affiliated companies created by R. Allen Stanford operating under the brand the Stanford Financial Group. The companies named in the complaint include Stanford International Bank (“SIB”) based in Antigua, Stanford Group Company (“SGC”), a Houston based investment adviser and broker dealer and Stanford Capital Management also based in Antigua.

Meyerson & Miller has formed an experienced securities fraud team and Task Force to represent the victims of the Stanford Group (and other similar criminal scams). The firm is co-venturing the securities fraud team with Durant & Durant LLP, which has handled thousands of securities cases of every conceivable type from arbitrations to class actions. Jack Meyerson and Marc Durant are both former federal criminal fraud prosecutors. Together they have more than 70 years of legal experience in aggressively pursuing fraudsters and in obtaining recoveries for victims of securities schemes and frauds. Debora O’Neill has maintained an active commercial and class action practice for more than 25 years in complex civil cases, including multi-district litigation. Rita Durant has over 25 years of litigation experience, the vast majority of which involving securities litigation. The firms have handled hundreds of civil and criminal business, financial and securities cases, including lengthy trials, representing both plaintiffs and defendants.

The task force team will aggressively pursue not only the Stanford Financial Group but also all investment advisory firms, accounting firms and other related entities without which complicity Stanford could not have accomplished this fraud. The team will seek all available compensatory and punitive damages for the victims of financial fraudulent schemes, handling each Stanford investor’s claim on an individual basis to maximize recovery. Our team has the advantage and experience that comes from being prior U.S. Attorneys and criminal prosecutors and, as a result, is able to co-ordinate our civil collection efforts with pending governmental civil and criminal actions.

We are currently representing Stanford victims. If you would like our team to evaluate your Stanford investment claim, please contact us.