State Attorney General Buddy Caldwell and David Caldwell, in charge of public corruption and special prosecutions, spoke at today’s Press Club about the ongoing investigation into Louisiana chartered Stanford companies. The attorney general had cautioned previously that the AG’s office was under sincere financial strain considering the massive work with which they are tasked. When asked if the AG’s office had enough resources to pursue civil and criminal charges related to Stanford effectively without strain on the office, Buddy Caldwell replied simply, “No. How’s that for an answer?”
The court-appointed Stanford receiver, Ralph Janvey, is now on the defense regarding his charges to the remaining Stanford funds. Janvey’s attorneys, in paperwork filed with the court on Friday, defended the request for $20 million in legal fees. According to Bloomberg News, Janvey’s attorneys claim the receivership was not instructed to produce a dramatic discount for the Stanford case. To read the full story from Bloomberg, click here.—Olivia Watkins
