Dallas court documents reveal Houston billionaire hires civil trial lawyer
Stanford fights $8 billion federal fraud allegations in Dallas District Court.
Dallas, TX (JusticeNewsFlash.com)–The U.S. Securities and Exchange Commission (SEC) www.sec.gov have filed criminal allegations in federal court against Allen Stanford (Texas billionaire), tow of his top executives and three of his companies. Court documents reveal lawyers for the government had filed an $8 billion fraud claim accusing Stanford of a Ponzi scheme. Stanford is now represented by a business litigation law firm specializing securities fraud allegation claims reported Reuters on Tuesday.
Attorneys for the government were successful in persuading a federal judge to freeze Stanford’s assets through a court appointed receiver. Stanford is known to be successful banker and entrepreneur in Texas and the Caribbean and vehemently denies participating in a Ponzi scheme. Federal bank regulators allege Stanford offered high yield certificates of deposit through his Antigua bank to defraud his investors and finance his massive Ponzi scheme.
JusticeNewsFlash.com ~ Texas business litigation attorneys.
Tags: Antigua, business litigation attorney, fraud, SEC, TexasOnline Business Litigation Legal News Distribution - JusticeNewsFlash.com
Other News / Press Releases
- Class Action & Business Litigation Attorney Robert C Gilbert Joins Grossman Roth
- “Tax Lady” Roni Deutch Sued for $34M for Alleged Fraud
- Virginia Beach VA business litigation: Adoption agency sued for alleged fraud
- Wisconsin Medicaid Fraud: Pharmaceutical company to pay $7.75MM in settlement
- Los Angeles CA business litigation: Ruling favors No Doubt in Activision lawsuit
- Missouri business litigation: UMB Bank sued for deceptive overdraft practices
- Toyota shareholders represented in class-action securities fraud case
- PA Lawsuit: Bank of America, contractor sued for faulty foreclosure
- Burberry files trademark infringement lawsuit against TJ Maxx
- Dallas Business Litigation Attorney Keith Clouse Reports Fifth Circuit Court of Appeals Reverses Summary Judgment in Race Discrimination Case
-
Recent Posts
CPSC: Designs Direct Recalls Rooster Lamps for Fire/Shock Risks
Phoenix Man Suffers Fatal Spinal Cord Injury at a Valley Trampoline Park
Crest Ridge School District Bus Crash Injured 4 Near Warrensburg
USPS Worker Dies While Trying to Recover Cell Phone from Miami Strom Drain
11 Injured in I-10 Prison Van Head-On Crash
