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Liquidators find $370M of Stanford assets
by carlie.kollath
 Biz Buzz
2 years ago | 554 views | 0 0 comments | 7 7 recommendations | email to a friend | print | permalink

From Reuters (full story):

HOUSTON (Reuters) - Funds and property valued at about $370 million traced to accused Ponzi schemer Allen Stanford have been located, but disputes over control of the assets are holding up disbursement, liquidators for Stanford's offshore bank said on Friday.

Nigel Hamilton-Smith and Peter Wastell, the liquidators who work for a unit of Vantis Plc, said $100 million in assets in the United Kingdom and $100 million in Switzerland have been located, but Stanford's U.S. receiver Ralph Janvey and U.S. prosecutors are also seeking control of those funds ...

Stanford has denied any wrongdoing and is in a Houston jail awaiting his January 2011 trial.

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