The campaign in Latin America is gaining momentum, with a substantial number of investors from Mexico, Colombia, and Ecuador having now having joined the campaign and submitting FTCA claims against the US Government Securities and Exchange Commission, for their negligence in failing to act sooner, knowing for 13 years Allen Stanford 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 take your claim forward, should it be rejected or otherwise ineligible, and 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
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