Allen Stanford appeal expected to delay $257M in victim payments

Author Profile Image
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.

Allen Stanford, convicted of leading a multibillion-dollar investment fraud, is appealing two court-approved settlements from prison.  Stanford’s appeals, along with another filed by liquidators of his Antigua-based bank, could delay $257 million in payments to fraud victims.  In a prepared statement, the receiver says Stanford is not challenging the merits of the settlements. Instead, “Stanford

This article is only available to paid Insiders

Become an Insider Now

Already an Insider? Sign in.

Comments (0)

From Our Partners

Daily Report Poll

ASK AI

Ask anything about Baton Rouge business