A more comprehensive list of investments made by the Stanford Financial Group has been released. The SEC-alleged Ponzi scheme of Stanford companies, headed by Robert Allen Stanford, invested in, according to the latest count, 35 companies and 11 indirect investments. According to a report from the Wall Street Journal, several of these companies are known as venture capital funds. To read the story, click here. (Registration required)
Included in the list of indirect investments is Louisiana Ventures — a company that works in conjunction with VCE Capital Partners — with two offices in the region, one in Bossier City lead by Ross Barrett and one in New Orleans led by Richard Montgomery. The Business Report contacted the Louisiana offices of Louisiana Ventures for a comment on the dates and nature of Stanford’s investment and left a voicemail that was not returned immediately for Montgomery and spoke with a staff member in Barrett’s office.
Four of the 11 indirect investments made by Stanford, including Louisiana Ventures, made offers to the receiver, according to court filings.
According to its Web site, Louisiana Ventures serves as a “generalist fund as far as industry preference, and invests opportunistically in high-growth equity opportunities.” Louisiana Ventures is part of the same investment capital collective, which includes TVP, a venture capital fund that invests in the Pennington Biomedical Research Center. To read the full list of Stanford’s investments, click here.—Olivia Watkins
