The campaign is finally gaining momentum among the domestic US investors, with a substantial number of investors from Louisiana, Texas, and now Florida, having now having signed-up and submitting FTCA claims against the US Government Securities and Exchange Commission, for their negligence in failing to close down Allen Stanford sooner, knowing for 13 years he was likely operating a Ponzi scheme. Had they done so, many investors of the failed Stanford International Bank, a part of the Stanford Financial Group, now in receivership, may have been spared the loss of their life savings.
Allen Stanford is currently in detention in Houston, Texas, awaiting trial on 23 counts of fraud.
The deadline for FTCA claims against the US Securities and Exchange Commission is approaching fast. This is a real possibility for full recovery of losses sustained by all the Stanford investors, irrespective of nationality or place of residence. All valid claims must be submitted correctly and timely before the 16th February 2011 deadline when the Statute of Limitations expires.
Any investors who have not consulted an attorney to submit their claims should do so without delay. Although the forms look straightforward enough, there is a plethora of case-law awaiting the unwary.
Please ensure that the attorney you engage is willing to litigate your claim forward, should it be rejected or otherwise ineligible, and already has experience of submitting FTCA claims.
Please contact your attorney without delay, or the attorney hired by the Stanford International Victims Group: Kachroo Legal Services, Cambridge, Mass., who already have extensive experience of submitting FTCA claims for the Madoff investors. Email:info@kachroolegal.com
Should any Stanford investors wish for more detail of the campaign and the various arguments, please register for our free investors forum, which is available only to bona-fide investors in the failed Stanford Financial Group: http://svg.creatuforo.com/profile.php?mode=register
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