This is a reminder that time is running out. If you are going to submit a claim please make sure you do it this week.
I spoke to Dr Kachroo this morning and she asked me to remind everyone who is going to sign with KLS, and all of you who who have requested a copy of their engagement letter, to please make sure you sign and return it THIS WEEK together with the amount of your claim, and a copy of your statement, to ensure there is time to process all of your claims before the deadline.
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Este es un recordatorio de que el tiempo se acaba. Si usted va a presentar una reclamación por favor asegúrese de hacerlo de esta semana.
Hablé con el Dr. Kachroo esta mañana y me pidió que recordar a todo el que va a firmar con KLS, y todos los que que han solicitado una copia de su carta de compromiso, que por favor asegúrese de firmar y regresar esta semana junto con el monto de su reclamo, y una copia de su declaración, asegurarse de que existe tiempo para procesar todas sus reclamaciones antes de la fecha límite.
Richard Watson
31st January 2011
Showing posts with label FTCA. Show all posts
Showing posts with label FTCA. Show all posts
Monday, 31 January 2011
Saturday, 29 January 2011
ONLY TWO WEEKS NOW BEFORE THE DEADLINE FOR STANFORD FINANCIAL GROUP INVESTORS EXPIRES
The deadline for FTCA claims by investors of the failed Stanford Financial Group against the US Securities and Exchange Commission is now just 18 days.
Investors in the failed Stanford International Bank, a part of the Stanford Financial Group, in receivership since the arrest of Allen Stanford, who is currently in detention in Houston awaiting trial on 23 charges of fraud, have just two weeks left to submit administrative claims under the Federal Tort Claims Act against the US Securities and Exchange Commission, for their negligence in not closing down Allen Stanford sooner, despite knowing for 13 years it was likely he was operating a Ponzi scheme. Had they done so earlier many thousands of investors would have been spared the loss of their life savings.
The deadline for claims is fast approaching. Unless claims are submitted correctly and timely, and delivery receipted by the SEC before the two year Statute of Limitations expires, on the 16th February 2011, Stanford investors will be denied any recovery from the US government, forever.
Stanford investors have engaged an attorney to submit FTCA claims against the SEC. This action against the SEC is a real chance for full recovery of losses from the failed Stanford Financial Group. It will not prejudice any SIPC recovery efforts, and is open to all the Stanford investors, irrespective of nationality, or place of residence.
CLAIMS TAKE SEVERAL DAYS TO PROCESS AND MUST BE SUBMITTED CORRECTLY AND TIMELY BEFORE THE 16th FEBRUARY OR THEY WILL BE REJECTED
Any Stanford investors who have not yet decided, should contact their attorney at their earliest opportunity, or the attorney the Stanford investors have hired: Kachroo Legal Services of Cambridge, Mass, who already have considerable experience of submitting FTCA claims on behalf of 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 private investor’s forum, which is free of charge and available to all bona-fide investors in the failed Stanford Financial Group: http://svg.creatuforo.com/profile.php?mode=register
Investors in the failed Stanford International Bank, a part of the Stanford Financial Group, in receivership since the arrest of Allen Stanford, who is currently in detention in Houston awaiting trial on 23 charges of fraud, have just two weeks left to submit administrative claims under the Federal Tort Claims Act against the US Securities and Exchange Commission, for their negligence in not closing down Allen Stanford sooner, despite knowing for 13 years it was likely he was operating a Ponzi scheme. Had they done so earlier many thousands of investors would have been spared the loss of their life savings.
The deadline for claims is fast approaching. Unless claims are submitted correctly and timely, and delivery receipted by the SEC before the two year Statute of Limitations expires, on the 16th February 2011, Stanford investors will be denied any recovery from the US government, forever.
Stanford investors have engaged an attorney to submit FTCA claims against the SEC. This action against the SEC is a real chance for full recovery of losses from the failed Stanford Financial Group. It will not prejudice any SIPC recovery efforts, and is open to all the Stanford investors, irrespective of nationality, or place of residence.
CLAIMS TAKE SEVERAL DAYS TO PROCESS AND MUST BE SUBMITTED CORRECTLY AND TIMELY BEFORE THE 16th FEBRUARY OR THEY WILL BE REJECTED
Any Stanford investors who have not yet decided, should contact their attorney at their earliest opportunity, or the attorney the Stanford investors have hired: Kachroo Legal Services of Cambridge, Mass, who already have considerable experience of submitting FTCA claims on behalf of 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 private investor’s forum, which is free of charge and available to all bona-fide investors in the failed Stanford Financial Group: http://svg.creatuforo.com/profile.php?mode=register
RESPECTO A SU DERECHO A RECLAMARLE AL GOBIERNO DE LOS ESTADOS UNIDOS Y EL PORQUE SUS SUPUESTOS “LIDERES” SE OPONEN A QUE USTED LO HAGA.
Estimados Inversionistas y Victimas de Stanford:
En relación a su derecho legal a presentar su reclamo ante la SEC (Comisión de Banca y Valores del Gobierno de USA) sobre el cual hemos venido informándole a través de nuestros contactos con usted, ha habido una serie de acusaciones bastante difamatorias provenientes de algunos de los autodenominados “lideres” de coaliciones ficticias de victimas de Stanford.
Todos estos escritos injuriosos, calumniosos y difamatorios están destinados a desacreditar nuestro esfuerzo por tratar de informarle a usted sobre las alternativas y las consecuencias de ejercer o no su derecho en cuanto a presentar o no su reclamo administrativo en tiempo y forma ante la SEC.
Como uno de los promotores de este curso de acción, considero lamentable pero necesario el tener que referirme a estas falsas afirmaciones y sugiero que usted se pregunte sobre las verdaderas motivaciones de estos falsos líderes para oponerse a que usted haga uso del derecho que le corresponde.
Hace un poco más de dos meses, una miembro de los que ahora constituimos un grupo internacional de victimas de Stanford, le escribió una carta al comité “de inversionistas” autorizado por el Juez Godbey, preguntándoles si tenían alguna intención de tomar alguna acción en contra de la SEC, dado el informe condenatorio de la propia Oficina del Inspector General de la SEC contra la misma SEC y la inminente prescripción de nuestros derechos en ese sentido, conforme a la ley estadounidense llamada El Estatuto de Limitaciones.
Hasta este momento, la peticionaria aun continúa esperando la respuesta a dicha pregunta. Sin embargo, a raíz de una discusión posterior que ella tuvo con uno de los abogados miembro de dicho comité, según nos informo, se desprende que dicho comité “de inversionistas” no tenía, ni tiene, ninguna intención aparente de iniciar ningún tipo de acción que nos proteja a todos en ese sentido. Poco después, nos reunimos un grupo de inversionistas de ideas afines para buscar un abogado que nos representara, no solo en presentar un reclamo, sino también en una posible demanda futura contra la SEC.
El número de abogados con experiencia exitosa en hacer un reclamo contra la SEC o el gobierno de los Estados Unidos, es bien reducido y después de largas investigaciones y muchas entrevistas encontramos a la Dra. Gaytri Kachroo, quien ya había presentado reclamos ante la SEC a favor de muchas víctimas de Madoff. Todos quedamos verdaderamente impresionados, no sólo por sus logros académicos excelentes, sino por SU EXPERIENCIA y antecedentes intachables. Además, porque siempre ha demostrado una actitud humana y llena de compasión respecto a nuestra situación, asegurándonos que ella está dispuesta a llegar hasta el final con nosotros.
Unos días después, una muchacha que dice ser “líder” de una de varias ficticias “coaliciones de víctimas de Stanford” también contactó a la Dra. Kachroo, logrando que la Dra. Kachroo accediese a dirigirse al comité “de inversionistas” autorizado por el Juez Godbey en relación al éxito tenido por ella, en los reclamos que promovió a favor de las victimas de Madoff.
En dicha reunión, hemos sido informados, todos los abogados que integran dicho comité indicaron que no tenían ninguna intención de llevar este caso contra el gobierno porque todos estaban ocupados en otros litigios. Todos concordaron con que la Dra. Kachroo se encontraba en una posición óptima para promover esta acción legal, lo que genero la esperanza de que todas las victimas de Stanford lograran unirse en el proceso de reclamos ante la SEC.
Adicionalmente, es de nuestro conocimiento que se invito a través de varios canales, a otro así autodenominado “líder” de otra supuesta “coalición de victimas” residente en Sur América para que procediera, -ya que durante casi dos años inexplicablemente se abstuvo de hacerlo- a notificar de inmediato a todos sus supuestos contactos en América Latina sobre este derecho que les otorgan las leyes de Estados Unidos para presentar un reclamo administrativo ante la SEC.
No queremos insistir sobre toda el agua que ha pasado bajo el puente desde entonces, pero nuestras esperanzas de que esta acción pudiera unir a todas las victimas bajo un proceso común y unificado, aparentemente han entrado en conflicto con los intereses personales de estos autodenominados “lideres”, ya que consideran que esto NO solo les ocasiona pérdida de “protagonismo” SINO, LO QUE ES PEOR, la posible perdida de una fuente de ingresos monetarios permanente, a la que ya se habían venido acostumbrando…
En su lugar, lo que obtuvimos de estos individuos ha sido una andanada de ataques difamatorios, incluyendo acusaciones de irregularidades, entre muchas otras, todas destinadas a ocasionarnos descredito. Y algunas, de la enorme cantidad de víctimas que han ejercido su derecho a registrarse con la Dra. Kachroo, han sido amenazadas en muy diversas formas en un desesperado y fallido intento de mantener lo que han llegado a considerar como “su clientela”, bajo su total y absoluto control.
Desde que iniciamos este curso de acción, todo lo que hemos intentado es hacer que muchos inversionistas de Stanford tomen conciencia de cuáles son sus verdaderos derechos e informarles sobre una posibilidad importante en la búsqueda por recuperar su inversión. Es decir, hemos tratado de ayudar a que usted tome una decisión educada en cuanto a preservar su derecho de reclamo ante la SEC antes de que prescriba dicho derecho a ejecutar dicha acción este próximo 16 de febrero.
Sino lo hubiéramos hecho usted habría perdido lo que podría terminar siendo su última posibilidad realista de recuperar su dinero, ya que sus autodenominados “lideres” se lo estuvieron ocultando durante casi dos años y NO TENIAN LA MENOR INTENCION de permitir que usted se enterara. AHORA, al no poder detener el rio con una cubeta es que les quieren enseñar a llenar sus formularios… solo para seguir justificando su “existencia como lideres” suyos y para que usted les continúe enviando dinero para “las operaciones” de sus falsas “coaliciones”.
Si usted desea llenar su formulario por su cuenta, o lo que es peor, siguiendo los consejos de estos individuos, le deseamos mucha buena suerte pues con casi total seguridad que su reclamo terminara siendo rechazado. Esto no es un trabajo para personas que no son profesionales de las Leyes graduados en una Universidad de Leyes de los Estados Unidos.
Tampoco es un juego como para dejarse guiar por gente irresponsable que no siente su perdida por que ni siquiera son victimas verdaderas. Es decir, estos “guías” o “lideres” como se hacen llamar, NUNCA sudaron un dólar y NUNCA perdieron un centavo de su propiedad, en esta terrible tragedia. Para entender la conducta de ellos solo recuerde usted el dicho “en rio revuelto, ganancia de PESCADORES”.
Si usted seriamente desea adherirse a este reclamo entre en contacto ahora mismo con el escritorio legal (bufete) de la Dra. Gaytri Kachroo ubicado en la ciudad de Boston donde el Asistente de la Dra. Kachroo, Sr. William Lugo podrá atenderle en Español a través de los teléfonos (617) 864-5575 y (617) 864-0755, vía Fax número (617) 864-1125 o escribiéndole al correo electrónico wlugo@kachroolegal.com
Le deseamos mucha suerte y que no se deje usted mal orientar.
William J. Taylor.
En relación a su derecho legal a presentar su reclamo ante la SEC (Comisión de Banca y Valores del Gobierno de USA) sobre el cual hemos venido informándole a través de nuestros contactos con usted, ha habido una serie de acusaciones bastante difamatorias provenientes de algunos de los autodenominados “lideres” de coaliciones ficticias de victimas de Stanford.
Todos estos escritos injuriosos, calumniosos y difamatorios están destinados a desacreditar nuestro esfuerzo por tratar de informarle a usted sobre las alternativas y las consecuencias de ejercer o no su derecho en cuanto a presentar o no su reclamo administrativo en tiempo y forma ante la SEC.
Como uno de los promotores de este curso de acción, considero lamentable pero necesario el tener que referirme a estas falsas afirmaciones y sugiero que usted se pregunte sobre las verdaderas motivaciones de estos falsos líderes para oponerse a que usted haga uso del derecho que le corresponde.
Hace un poco más de dos meses, una miembro de los que ahora constituimos un grupo internacional de victimas de Stanford, le escribió una carta al comité “de inversionistas” autorizado por el Juez Godbey, preguntándoles si tenían alguna intención de tomar alguna acción en contra de la SEC, dado el informe condenatorio de la propia Oficina del Inspector General de la SEC contra la misma SEC y la inminente prescripción de nuestros derechos en ese sentido, conforme a la ley estadounidense llamada El Estatuto de Limitaciones.
Hasta este momento, la peticionaria aun continúa esperando la respuesta a dicha pregunta. Sin embargo, a raíz de una discusión posterior que ella tuvo con uno de los abogados miembro de dicho comité, según nos informo, se desprende que dicho comité “de inversionistas” no tenía, ni tiene, ninguna intención aparente de iniciar ningún tipo de acción que nos proteja a todos en ese sentido. Poco después, nos reunimos un grupo de inversionistas de ideas afines para buscar un abogado que nos representara, no solo en presentar un reclamo, sino también en una posible demanda futura contra la SEC.
El número de abogados con experiencia exitosa en hacer un reclamo contra la SEC o el gobierno de los Estados Unidos, es bien reducido y después de largas investigaciones y muchas entrevistas encontramos a la Dra. Gaytri Kachroo, quien ya había presentado reclamos ante la SEC a favor de muchas víctimas de Madoff. Todos quedamos verdaderamente impresionados, no sólo por sus logros académicos excelentes, sino por SU EXPERIENCIA y antecedentes intachables. Además, porque siempre ha demostrado una actitud humana y llena de compasión respecto a nuestra situación, asegurándonos que ella está dispuesta a llegar hasta el final con nosotros.
Unos días después, una muchacha que dice ser “líder” de una de varias ficticias “coaliciones de víctimas de Stanford” también contactó a la Dra. Kachroo, logrando que la Dra. Kachroo accediese a dirigirse al comité “de inversionistas” autorizado por el Juez Godbey en relación al éxito tenido por ella, en los reclamos que promovió a favor de las victimas de Madoff.
En dicha reunión, hemos sido informados, todos los abogados que integran dicho comité indicaron que no tenían ninguna intención de llevar este caso contra el gobierno porque todos estaban ocupados en otros litigios. Todos concordaron con que la Dra. Kachroo se encontraba en una posición óptima para promover esta acción legal, lo que genero la esperanza de que todas las victimas de Stanford lograran unirse en el proceso de reclamos ante la SEC.
Adicionalmente, es de nuestro conocimiento que se invito a través de varios canales, a otro así autodenominado “líder” de otra supuesta “coalición de victimas” residente en Sur América para que procediera, -ya que durante casi dos años inexplicablemente se abstuvo de hacerlo- a notificar de inmediato a todos sus supuestos contactos en América Latina sobre este derecho que les otorgan las leyes de Estados Unidos para presentar un reclamo administrativo ante la SEC.
No queremos insistir sobre toda el agua que ha pasado bajo el puente desde entonces, pero nuestras esperanzas de que esta acción pudiera unir a todas las victimas bajo un proceso común y unificado, aparentemente han entrado en conflicto con los intereses personales de estos autodenominados “lideres”, ya que consideran que esto NO solo les ocasiona pérdida de “protagonismo” SINO, LO QUE ES PEOR, la posible perdida de una fuente de ingresos monetarios permanente, a la que ya se habían venido acostumbrando…
En su lugar, lo que obtuvimos de estos individuos ha sido una andanada de ataques difamatorios, incluyendo acusaciones de irregularidades, entre muchas otras, todas destinadas a ocasionarnos descredito. Y algunas, de la enorme cantidad de víctimas que han ejercido su derecho a registrarse con la Dra. Kachroo, han sido amenazadas en muy diversas formas en un desesperado y fallido intento de mantener lo que han llegado a considerar como “su clientela”, bajo su total y absoluto control.
Desde que iniciamos este curso de acción, todo lo que hemos intentado es hacer que muchos inversionistas de Stanford tomen conciencia de cuáles son sus verdaderos derechos e informarles sobre una posibilidad importante en la búsqueda por recuperar su inversión. Es decir, hemos tratado de ayudar a que usted tome una decisión educada en cuanto a preservar su derecho de reclamo ante la SEC antes de que prescriba dicho derecho a ejecutar dicha acción este próximo 16 de febrero.
Sino lo hubiéramos hecho usted habría perdido lo que podría terminar siendo su última posibilidad realista de recuperar su dinero, ya que sus autodenominados “lideres” se lo estuvieron ocultando durante casi dos años y NO TENIAN LA MENOR INTENCION de permitir que usted se enterara. AHORA, al no poder detener el rio con una cubeta es que les quieren enseñar a llenar sus formularios… solo para seguir justificando su “existencia como lideres” suyos y para que usted les continúe enviando dinero para “las operaciones” de sus falsas “coaliciones”.
Si usted desea llenar su formulario por su cuenta, o lo que es peor, siguiendo los consejos de estos individuos, le deseamos mucha buena suerte pues con casi total seguridad que su reclamo terminara siendo rechazado. Esto no es un trabajo para personas que no son profesionales de las Leyes graduados en una Universidad de Leyes de los Estados Unidos.
Tampoco es un juego como para dejarse guiar por gente irresponsable que no siente su perdida por que ni siquiera son victimas verdaderas. Es decir, estos “guías” o “lideres” como se hacen llamar, NUNCA sudaron un dólar y NUNCA perdieron un centavo de su propiedad, en esta terrible tragedia. Para entender la conducta de ellos solo recuerde usted el dicho “en rio revuelto, ganancia de PESCADORES”.
Si usted seriamente desea adherirse a este reclamo entre en contacto ahora mismo con el escritorio legal (bufete) de la Dra. Gaytri Kachroo ubicado en la ciudad de Boston donde el Asistente de la Dra. Kachroo, Sr. William Lugo podrá atenderle en Español a través de los teléfonos (617) 864-5575 y (617) 864-0755, vía Fax número (617) 864-1125 o escribiéndole al correo electrónico wlugo@kachroolegal.com
Le deseamos mucha suerte y que no se deje usted mal orientar.
William J. Taylor.
Deadline for Stanford investors less than a month away
Antigua (Antigua Observer): The Stanford International Victims Group (SIVG) is reminding non-US investors of the approaching deadline to file their claims for compensation. February 16, 2011 is the date when the statute of limitations expires for claims to be filed under the US Federal Tort Claims Act (FTCA). The SIVG represents investors from outside the US who were burned in Allen Stanford’s failed $7 billion Ponzi scheme, for which the businessman now languishes in a Texas prison awaiting trial.
The international victims have so far met with little success in their attempts to seek compensation via the Securities Investor Protection Corporation (SIPC). This is partly because they are vigorously opposed by the Stanford Victims Coalition (SVC), which is looking after the interests of only the US investors. SVC holds the view that interventions on behalf of the international victims distracts attention from the primary US cause and is likely to delay settlement. The SIPC itself is also resistant to the idea of paying out compensation to the international victims, most of whom were not registered with the broker that is recognised as legitimate by US authorities in this matter, namely the Stanford Group Company (SCG).
Only 8,000 of the 13 to 20,000 Stanford investors are eligible for cover under the Securities Investor Protection Act (SIPA) – which governs the SIPC – and these are almost all in the US. The SIPC offers compensation only up to a limit of US $500,000, regardless of the amount that may have been lost in Stanford’s alleged fraud. On the other hand, a successful claim under the SIPA would guarantee full compensation. The International Investors Group is urging non-US victims (including those in Antigua & Barbuda) to contact their attorneys as soon as possible, or the attorney submitting claims on behalf of international investors, Kachroo Legal Services of Cambridge, Massachusetts. (January 25, 2011)
Friday, 28 January 2011
CARTA ABIERTA A LOS INVERSORES DE STANFORD CON RESPECTO A LAS RECLAMACIONES FTCA CONTRA LOS VALORES DE ESTADOS UNIDOS DE AMERICA Y DE LA COMISIÓN DE CAMBIO
Estimados Inversionistas de Stanford,
Ha habido algunas acusaciones muy difamatorias de algunos de los grupos de inversionistas de Stanford, y algunos de sus abogados, e incluso de la Comisión de Inversionistas de Stanford en relacion con los reclamos contra los EE.UU – Todas estas difamaciones contra los reclamos que Ud debe de hacer propiamente están claramente destinados a desacreditar a los inversionistas detrás de este esfuerzo que les ha estado informando de las alternativas y de las consecuencias y de cuales son sus derechos para preservar sus derechos a reclamar contra la SEC, mediante la presentación de una reclamación administrativa.
Como uno de los instigadores de este curso de acción, creo que es hora de que algunas de las afirmaciones falsas y engañosas se ponen a descansar, y sugiero que Ud se pregunte cual es el verdadero motivo de estas personas que están detrás de estas falsas acusaciones.
El 15 de noviembre de 2010, hace poco más de dos meses, le escribió una carta preguntandoles al Comité de Inversionistas de Stanford (SIC) si tenían alguna intención de tomar cualquier acción en contra de la SEC, dado el informe de la OIG condenatorio y la próxima expiración de la ley del Estado de limitaciones. Hata este momento sigo esperandi la respuesta que nunca llego. Sin embargo, a raíz de una discusión posterior con uno de los abogados miembros de dicho Comité, se desprende la comisión no tenía ninguna intención de iniciar cualquier tipo de acción que nos proteja.
Poco después, me reuní con un pequeño grupo de inversores de ideas afines para buscar un nuevo abogado para que nos represente en una demanda contra la SEC. Primero fueron los intentos de que nos amordazaron, lo que tuvimos que superar. Desde entonces hemos trabajado día y noche, para reunir a una solución viable que pueda beneficiar a todos los inversionistas de Stanford.
El número de abogados con experiencia exitosa en hacer un reclamo contra los EE.UU y la SEC es muy limitado y despues de largas discusiones y entrevistas el Dr. Gaytri Kachroo de Servicios Legales (KLS), Firma que habia presentado reclamacionesde FTCA para mas de a 500 inversores de Madoff. Todod estamos verdaderamente impresionados, no sólo por sus logros académicos excelentes , pero por la forma en que ella ha había llegado a este nivel tan alto en su profesión,. Sin embargo, lmanisfesto siempre una actitud humana y llena de compassion y demostrando que esta dispuesta a llegar hasta el final con nosotros y lo más importante, es que ya había representado a los inversores en dos acciones en contra de los EE.UU y de la SEC exitosamente con argumentos muy plausibles para que podamos tener éxito en esta reclamacion contra EE.UU. y contra la ley federal de la SEC .
Alrededor del mismo tiempo, Angela Kogutt alias Angela Shaw, alias Angie West de la Coalición de Víctimas de Stanford (SVC) también se acercó al Dr. Kachroo, habiendo visto los comunicados de prensa relativos a las solicitudes a las víctimas de Madoff. El apoyo de la SVC se le ofrecía inicialmente, y el Dr. Kachroo fue invitado a dirigirse a la SIC, con vistas a la presentación de reclamaciones FTCA de protección para cada uno de los inversionistas de Stanford. En esta reunión, todos los abogados del SIC indicaron que no tenian ninguna intencion de perseguir este caso contra el Gobierno por que todos estaban ocupados en otros litigious contra terceras partes. A su juicio acordaron que el Dr. Kachroo se encontraba en una posicion optima para asumir esta acción contra el gobierno . Esto creó alguna esperanza de que todos los inversores de Stanford comúnmente podría unirse en el proceso contra la SEC.
Adicionalmente, se invitaron atraves de varios canals de comunicacion a participar en este proceso y accion a . Covisal, en América Latina, durante estas fechas para iniciar el proceso.
.
No quiero insistir en agua que ha pasado bajo el puente desde entonces, pero las esperanzas iniciales de que esta acción podria unir a todas las asociaciones diversas de inversionistas bajo un proceso comun y unido estaba fuera de lugar y era claro por los interteses particulars de estos groupos.
En su lugar, lo que se obtuvo han sido objeto de una andanada de ataques de Internet difamatorio, en su mayoría anónimos, incluyendo acusaciones de irregularidades, entre muchos otros, todos destinados para desacreditarnos. Y los inversores que han ejercido su derecho a unirse a nosotros han sido amenazados en muy diversas formas para evitar que este juicio contra EE.UU y contra la SEC siga adealante.
Podría habersde entendido que esta amenazas podrian haber venido de las mismas instituciones que se piensan enjuciar (SEC) ---- Sin embargo estos ataques han venido de personas que se suponen deben de estar ayudando a las victimas y no ha si mismo. Sim enbargo eso es lo que han demostrado.
Entendemos que esos intentos de desacreditarnos, y las amenazas de recurso legal, podrian venir solamente de parte de la EE.UU o de la SEC instituciones que son directamente responsible por todas nuestras perdidas -- Pero yo estoy completamente consternado que estas amenazas vienen solamente y en su totalidad de personas que pretenden trabajar en el mejor los intereses de los inversionistas de Stanford.
¿Cómo pueden afirmar que quieren ayudar a las victimas tratando de silenciarnos? ¿Cuál es la motivación detrás de estos ataques, y por qué son reacios contra los inversores de Stanford para preservar y respetar y guarder sus derechos de cualquier recuperación possible.?
Desde que se embarcó en este curso de acción, todo lo que se intenta es hacer que muchos inversionistas de Stanford tomen conciencia de cuales son sus verdaderas derechos y cuales son las posibilidades para la recuperación de sus inversions. De esta manera ayudando a todas la victimas del planeta en tomar una decisiones educadas y propia por la cual sea el major camino para que todos los inversionistas puedan preserver sus derechos de recuperación contra la SEC, antes de la ley de Limites expire.
En cuanto al Comite de Inversionistas de Stanford (SIC) nos gustaria saber por que no ayudaron en esta posibilidad de recuperacion desde un principio sino solamente alo final y ahora este grupo pretende ayudar al ultimo momento – Despues que nustro abogado a propuesto un camino y una alternativa para ayudar a todas las victimas del planeta
Si esta comision esta actuando en nuestro mejores beneficios… es muy dudoso --- por que se han negado ? con falsas accusaciones y caluncnias el ayudar al unico abogado que tiene la experinencia la educacion y el deseo de ayudar a todas las victimas del planeta ?
Por otra parte, si no se hubiera iniciado esta accion las victimas hubieran perdido gracias al comite esta oportunidad antes de la expiracion del estatuto de limitaciones – Es claro que este comite no los han querido ayudar manteniendo informacion extremadamente importante alejada de UD para que Ud no pudiese tomar decisions propias – El Comite deseaba que esta unica oportunidad pasade desapercibida y se les escapara silenciosamente y que Ud perdiera la oportunidad de establecer un reclamo contra los EE.UU y la SEC legalmente y con todo su derecho..Nos preguntamos por que cree Ud?
1.- Para aquellos inversores que han decidido hacer un "auto-archivo" de sus propios reclamos, te deseo la mejor, y espero que usted ha hecho su investigación. Si no es así, y a permitido que Ud haya sido manejado en algo que Ud no entiende y ha sido dirigido falsamente en una direccion que no le va ha ayudar - Aquien le va a hechar l Ud.. a culpa de su fracaso a Ud Mismo ? O a las personas que le sugirieron que era facil para Ud Mismo hacerlo?
2.- Para aquellos inversores que entienden los riesgos, sin embargo, han optado por presentar con un abogado diferente, te deseo lo mejor suerte también, pero no entiendo por qué un inversionista estaría dispuesto a elegir un abogado que no está dispuesto a litigar su solicitud. Ni ha pelear por Ud.
3.-Para los inversores que nos acompañan, y se han dado cuenta el sentido común de registro con KLS, les deseo la mejor de todas. Es su voluntad de participar que ha creado la masa critica que era necesaria para iniciar esta accion que ahora puede llegar hasta el final.
. Gracias a todos.
4.- Para aquellos de ustedes que todavía tienen que decidir qué es lo mejor para ustedes, por favor tome su decisión lo antes posible. Usted tiene menos de tres semanas antes de que esta oprtunidad pase para siempre – Despues de este plazo Ud nunca mas podra reclamar nada contra los EE.UU y la SEC. Si Ud decide unirse en un caso masivo en contra de los EE.UU y la SEC U des bienvenido … visite al unico abodago con las mayores qualificaciones en este pais que ha Ganado ya dos veces contra la SEC y ahora representa a los reclamantes de Madoff
Aquí es Kachroo Servicios Jurídicos su correo electronic última vez:
info@kachroolegal.com
Si usted desea leer más de los argumentos y las discusiones, por favor visite:
http://stanfordsforgottenvictims.blogspot.com
o regístrese para nuestro foro privado, que está libre de responsable y abierto a todos los inversores de Stanford de buena fe:
http://svg.creatuforo.com/profile.php?mode=register
Para que nadie más alegan que me estoy escondido detrás de cualquier fachadas, aquí está mi dirección de correo electrónico, y me esforzaré para devolver todos los que podría estar interesado lo suficiente como para colocar una línea, el tiempo lo permite:
stanfordvictim.richard@gmail.com
Richard Watson
27 de enero 2011
Ha habido algunas acusaciones muy difamatorias de algunos de los grupos de inversionistas de Stanford, y algunos de sus abogados, e incluso de la Comisión de Inversionistas de Stanford en relacion con los reclamos contra los EE.UU – Todas estas difamaciones contra los reclamos que Ud debe de hacer propiamente están claramente destinados a desacreditar a los inversionistas detrás de este esfuerzo que les ha estado informando de las alternativas y de las consecuencias y de cuales son sus derechos para preservar sus derechos a reclamar contra la SEC, mediante la presentación de una reclamación administrativa.
Como uno de los instigadores de este curso de acción, creo que es hora de que algunas de las afirmaciones falsas y engañosas se ponen a descansar, y sugiero que Ud se pregunte cual es el verdadero motivo de estas personas que están detrás de estas falsas acusaciones.
El 15 de noviembre de 2010, hace poco más de dos meses, le escribió una carta preguntandoles al Comité de Inversionistas de Stanford (SIC) si tenían alguna intención de tomar cualquier acción en contra de la SEC, dado el informe de la OIG condenatorio y la próxima expiración de la ley del Estado de limitaciones. Hata este momento sigo esperandi la respuesta que nunca llego. Sin embargo, a raíz de una discusión posterior con uno de los abogados miembros de dicho Comité, se desprende la comisión no tenía ninguna intención de iniciar cualquier tipo de acción que nos proteja.
Poco después, me reuní con un pequeño grupo de inversores de ideas afines para buscar un nuevo abogado para que nos represente en una demanda contra la SEC. Primero fueron los intentos de que nos amordazaron, lo que tuvimos que superar. Desde entonces hemos trabajado día y noche, para reunir a una solución viable que pueda beneficiar a todos los inversionistas de Stanford.
El número de abogados con experiencia exitosa en hacer un reclamo contra los EE.UU y la SEC es muy limitado y despues de largas discusiones y entrevistas el Dr. Gaytri Kachroo de Servicios Legales (KLS), Firma que habia presentado reclamacionesde FTCA para mas de a 500 inversores de Madoff. Todod estamos verdaderamente impresionados, no sólo por sus logros académicos excelentes , pero por la forma en que ella ha había llegado a este nivel tan alto en su profesión,. Sin embargo, lmanisfesto siempre una actitud humana y llena de compassion y demostrando que esta dispuesta a llegar hasta el final con nosotros y lo más importante, es que ya había representado a los inversores en dos acciones en contra de los EE.UU y de la SEC exitosamente con argumentos muy plausibles para que podamos tener éxito en esta reclamacion contra EE.UU. y contra la ley federal de la SEC .
Alrededor del mismo tiempo, Angela Kogutt alias Angela Shaw, alias Angie West de la Coalición de Víctimas de Stanford (SVC) también se acercó al Dr. Kachroo, habiendo visto los comunicados de prensa relativos a las solicitudes a las víctimas de Madoff. El apoyo de la SVC se le ofrecía inicialmente, y el Dr. Kachroo fue invitado a dirigirse a la SIC, con vistas a la presentación de reclamaciones FTCA de protección para cada uno de los inversionistas de Stanford. En esta reunión, todos los abogados del SIC indicaron que no tenian ninguna intencion de perseguir este caso contra el Gobierno por que todos estaban ocupados en otros litigious contra terceras partes. A su juicio acordaron que el Dr. Kachroo se encontraba en una posicion optima para asumir esta acción contra el gobierno . Esto creó alguna esperanza de que todos los inversores de Stanford comúnmente podría unirse en el proceso contra la SEC.
Adicionalmente, se invitaron atraves de varios canals de comunicacion a participar en este proceso y accion a . Covisal, en América Latina, durante estas fechas para iniciar el proceso.
.
No quiero insistir en agua que ha pasado bajo el puente desde entonces, pero las esperanzas iniciales de que esta acción podria unir a todas las asociaciones diversas de inversionistas bajo un proceso comun y unido estaba fuera de lugar y era claro por los interteses particulars de estos groupos.
En su lugar, lo que se obtuvo han sido objeto de una andanada de ataques de Internet difamatorio, en su mayoría anónimos, incluyendo acusaciones de irregularidades, entre muchos otros, todos destinados para desacreditarnos. Y los inversores que han ejercido su derecho a unirse a nosotros han sido amenazados en muy diversas formas para evitar que este juicio contra EE.UU y contra la SEC siga adealante.
Podría habersde entendido que esta amenazas podrian haber venido de las mismas instituciones que se piensan enjuciar (SEC) ---- Sin embargo estos ataques han venido de personas que se suponen deben de estar ayudando a las victimas y no ha si mismo. Sim enbargo eso es lo que han demostrado.
Entendemos que esos intentos de desacreditarnos, y las amenazas de recurso legal, podrian venir solamente de parte de la EE.UU o de la SEC instituciones que son directamente responsible por todas nuestras perdidas -- Pero yo estoy completamente consternado que estas amenazas vienen solamente y en su totalidad de personas que pretenden trabajar en el mejor los intereses de los inversionistas de Stanford.
¿Cómo pueden afirmar que quieren ayudar a las victimas tratando de silenciarnos? ¿Cuál es la motivación detrás de estos ataques, y por qué son reacios contra los inversores de Stanford para preservar y respetar y guarder sus derechos de cualquier recuperación possible.?
Desde que se embarcó en este curso de acción, todo lo que se intenta es hacer que muchos inversionistas de Stanford tomen conciencia de cuales son sus verdaderas derechos y cuales son las posibilidades para la recuperación de sus inversions. De esta manera ayudando a todas la victimas del planeta en tomar una decisiones educadas y propia por la cual sea el major camino para que todos los inversionistas puedan preserver sus derechos de recuperación contra la SEC, antes de la ley de Limites expire.
En cuanto al Comite de Inversionistas de Stanford (SIC) nos gustaria saber por que no ayudaron en esta posibilidad de recuperacion desde un principio sino solamente alo final y ahora este grupo pretende ayudar al ultimo momento – Despues que nustro abogado a propuesto un camino y una alternativa para ayudar a todas las victimas del planeta
Si esta comision esta actuando en nuestro mejores beneficios… es muy dudoso --- por que se han negado ? con falsas accusaciones y caluncnias el ayudar al unico abogado que tiene la experinencia la educacion y el deseo de ayudar a todas las victimas del planeta ?
Por otra parte, si no se hubiera iniciado esta accion las victimas hubieran perdido gracias al comite esta oportunidad antes de la expiracion del estatuto de limitaciones – Es claro que este comite no los han querido ayudar manteniendo informacion extremadamente importante alejada de UD para que Ud no pudiese tomar decisions propias – El Comite deseaba que esta unica oportunidad pasade desapercibida y se les escapara silenciosamente y que Ud perdiera la oportunidad de establecer un reclamo contra los EE.UU y la SEC legalmente y con todo su derecho..Nos preguntamos por que cree Ud?
1.- Para aquellos inversores que han decidido hacer un "auto-archivo" de sus propios reclamos, te deseo la mejor, y espero que usted ha hecho su investigación. Si no es así, y a permitido que Ud haya sido manejado en algo que Ud no entiende y ha sido dirigido falsamente en una direccion que no le va ha ayudar - Aquien le va a hechar l Ud.. a culpa de su fracaso a Ud Mismo ? O a las personas que le sugirieron que era facil para Ud Mismo hacerlo?
2.- Para aquellos inversores que entienden los riesgos, sin embargo, han optado por presentar con un abogado diferente, te deseo lo mejor suerte también, pero no entiendo por qué un inversionista estaría dispuesto a elegir un abogado que no está dispuesto a litigar su solicitud. Ni ha pelear por Ud.
3.-Para los inversores que nos acompañan, y se han dado cuenta el sentido común de registro con KLS, les deseo la mejor de todas. Es su voluntad de participar que ha creado la masa critica que era necesaria para iniciar esta accion que ahora puede llegar hasta el final.
. Gracias a todos.
4.- Para aquellos de ustedes que todavía tienen que decidir qué es lo mejor para ustedes, por favor tome su decisión lo antes posible. Usted tiene menos de tres semanas antes de que esta oprtunidad pase para siempre – Despues de este plazo Ud nunca mas podra reclamar nada contra los EE.UU y la SEC. Si Ud decide unirse en un caso masivo en contra de los EE.UU y la SEC U des bienvenido … visite al unico abodago con las mayores qualificaciones en este pais que ha Ganado ya dos veces contra la SEC y ahora representa a los reclamantes de Madoff
Aquí es Kachroo Servicios Jurídicos su correo electronic última vez:
info@kachroolegal.com
Si usted desea leer más de los argumentos y las discusiones, por favor visite:
http://stanfordsforgottenvictims.blogspot.com
o regístrese para nuestro foro privado, que está libre de responsable y abierto a todos los inversores de Stanford de buena fe:
http://svg.creatuforo.com/profile.php?mode=register
Para que nadie más alegan que me estoy escondido detrás de cualquier fachadas, aquí está mi dirección de correo electrónico, y me esforzaré para devolver todos los que podría estar interesado lo suficiente como para colocar una línea, el tiempo lo permite:
stanfordvictim.richard@gmail.com
Richard Watson
27 de enero 2011
Wednesday, 26 January 2011
LESS THAN THREE WEEKS BEFORE THE DEADLINE FOR STANFORD FINANCIAL GROUP INVESTORS TO SUBMIT CLAIMS
The deadline for FTCA claims by investors of the failed Stanford Financial Group against the US Securities and Exchange Commission is now just 20 days.
Investors in the failed Stanford International Bank, a part of the Stanford Financial Group, in receivership since the arrest of Allen Stanford, who is currently in detention in Houston awaiting trial on 23 charges of fraud, have just 17 days left to submit administrative claims under the Federal Tort Claims Act against the US Securities and Exchange Commission, for their negligence in not closing down Allen Stanford sooner, despite knowing for 13 years it was likely he was operating a Ponzi scheme. Had they done so earlier many thousands of investors would have been spared the loss of their life savings.
The deadline for claims is fast approaching. Unless claims are submitted correctly and timely before the two year Statute of Limitations expires, on the 16th February 2011, Stanford investors will be denied any recovery from the US government, forever.
Stanford investors have engaged an attorney to submit FTCA claims against the SEC. This action against the SEC is a real chance for full recovery of losses from the failed Stanford Financial Group. It will not prejudice any SIPC recovery efforts, and is open to all the Stanford investors, irrespective of nationality, or place of residence.
CLAIMS TAKE SEVERAL DAYS TO PROCESS AND MUST BE SUBMITTED CORRECTLY AND TIMELY BEFORE THE 16th FEBRUARY OR THEY WILL BE REJECTED
Any Stanford investors who have not yet decided, should contact their attorney at their earliest opportunity, or the attorney the Stanford investors have hired: Kachroo Legal Services of Cambridge, Mass, who already have considerable experience of submitting FTCA claims on behalf of 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 private investor’s forum, which is free of charge and available to all bona-fide investors in the failed Stanford Financial Group: http://svg.creatuforo.com/profile.php?mode=register
Written by David Brent
For Stanford International Victims Group
Investors in the failed Stanford International Bank, a part of the Stanford Financial Group, in receivership since the arrest of Allen Stanford, who is currently in detention in Houston awaiting trial on 23 charges of fraud, have just 17 days left to submit administrative claims under the Federal Tort Claims Act against the US Securities and Exchange Commission, for their negligence in not closing down Allen Stanford sooner, despite knowing for 13 years it was likely he was operating a Ponzi scheme. Had they done so earlier many thousands of investors would have been spared the loss of their life savings.
The deadline for claims is fast approaching. Unless claims are submitted correctly and timely before the two year Statute of Limitations expires, on the 16th February 2011, Stanford investors will be denied any recovery from the US government, forever.
Stanford investors have engaged an attorney to submit FTCA claims against the SEC. This action against the SEC is a real chance for full recovery of losses from the failed Stanford Financial Group. It will not prejudice any SIPC recovery efforts, and is open to all the Stanford investors, irrespective of nationality, or place of residence.
CLAIMS TAKE SEVERAL DAYS TO PROCESS AND MUST BE SUBMITTED CORRECTLY AND TIMELY BEFORE THE 16th FEBRUARY OR THEY WILL BE REJECTED
Any Stanford investors who have not yet decided, should contact their attorney at their earliest opportunity, or the attorney the Stanford investors have hired: Kachroo Legal Services of Cambridge, Mass, who already have considerable experience of submitting FTCA claims on behalf of 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 private investor’s forum, which is free of charge and available to all bona-fide investors in the failed Stanford Financial Group: http://svg.creatuforo.com/profile.php?mode=register
Written by David Brent
For Stanford International Victims Group
Sunday, 23 January 2011
TO STANFORD BANK INVESTORS WAITING FOR SIPC COVERAGE
There have been past allegations made by the Stanford Victims Coalition (SVC) that submitting administrative claims under the Federal Tort Claims Act (FTCA) may damage their political efforts for recovery under the Securities Investor Protection Act (SIPA). They even went so far as to appeal to our attorney that SIPC cover will not only definitely be granted, but also widened to $4bn, to cover all the international investors too. We thought all these farcical arguments were in the past, but have become aware that SVC lobbying has been resurrected, following more recent comments from one group of investors.
So where does this actually leave the investors who consider they may be eligible for SIPC, and what are their chances?
Firstly, only the 8,000 Stanford investors who invested through the only SIPC registered broker-dealer, Stanford Group Company (SGC), may be eligible for cover under the SIPA, and the likelihood of widening the cover is non-existent, no matter who would have you believe otherwise. The remaining investors will be ineligible for SIPC (20,000 according to FRP, formerly Vantis, the Antiguan receiver; 13,500 according to Janvey the US receiver; they cannot even agree on how many of us were swindled).
The FTCA claims that we are campaigning for are against the Securities and Exchange Commission (SEC), not against SIPC, so investors who may be eligible for SIPC are not prejudicing their chances by filing a claim against the SEC. To state that filing claims under the FTCA may be political suicide could not be further from the truth. There is in fact the very real possibility that should enough investors file FTCA claims, the heat will be turned up on the US Department of Justice to pressure the SEC to order SIPC coverage. It will ultimately be less expensive for the US taxpayer to foot the bill once SIPC have picked up the first $1.8 billion (or $4bn depending on who you believe). One could argue, with just as much authority, that filing a claim could actually assist Stanford investors get SIPC coverage, not hinder them.
As far as the likelihood of success of SIPC goes, please be aware the Chief Counsel of the SEC has previously stated he will not order SIPA coverage for Stanford investors as he considers his order may be challenged and defeated in court by the SIPC, which they are perfectly entitled to do. Hence the SVC campaign to lobby Congress to broaden the SIPA definition of ‘customer’. Will that happen before the statute of limitations runs out? Somewhat unlikely, since there are just 24 days left. We have seen little progress since the new Congress has re-convened, and remember, all the unsuccessful bills from last year, including the very welcome contribution from Senator Culberson, are now time expired.
And what did the Chairman of SIPC, Stephen Harbeck, tell Congress about the proposed change to SIPA to broaden the definition of ‘customer’? In his letter of August 25th 2010, to the Congressional sub-committee who proposed the amendment he stated:
"[W]e believe that the Amendment is inconsistent with SIPA's history, purpose, and provisions, and if passed, would have serious consequences for the investing public and securities broker-dealers."
"Under these facts, if a fictitious construct is applied such that investors in Stanford Bank CDs are deemed to be "customers" under SIPA with an account at Stanford Broker-Dealer, and are deemed to be eligible to recover their net investments in the Stanford Ponzi scheme in a SIPA liquidation of Stanford Broker-Dealer, it is virtually certain that satisfaction of their claims would exhaust the SIPC Fund."
In his words, even if the amendment to the Act was passed, SIPC would have insufficient funds to pay the Stanford victims (notwithstanding the Madoff victims who are also still waiting for SIPC to pay out, and they are eligible). As Mr Harbeck is still in his job, presumably he was not among the SEC staff caught with their pants down, watching porn on their laptops at work, instead of keeping their otherwise idle hands busy and investigating Stanford.
There have also been other requests from the SVC , both to our attorney, and directly to some of the investor groups, asking them to wait until the last minute to file, thus exposing investors to potential last minute problems of completeness, delivery delays, or other force majure. The Eastern seaboard is currently experiencing snow storms and blizzards disrupting business, and postal services, for example.
Perhaps this is a worthy attempt to give Congress and the SEC as much time as possible to do the right thing, but be aware these are two of the most notoriously slow bureaucracies in the US. Many investors who once trusted the SEC, and were swindled out of their hard earned life savings in return, may never trust them to come through again, in particular now the stakes are so high.
Furthermore, the U.S. Supreme Court ruled some time ago that an investor may not bring a suit against SIPC to compel them to initiate a liquidation. So, there is nothing any attorney can do to help Stanford investors gain SIPC.
'We have been reading about the quest for the holy grail of SIPC fortwo years now, and it still appears no nearer, whereas the opportunityto file a protective claim against the SEC under FTCA expires in just24 days.
It is a matter of fact that FTCA claims are currently being processed and will be submitted before the Statute of Limitation expires, regardless of whether SIPC coverage occurs or not. These claims are for full recovery, open to all Stanford investors, irrespective of nationality, or place of residence, and not limited to just $500k, as is SIPC. Ultimately, the decision whether or not to file a claim under the FTCA is in the hands of each investor, but not submitting a protective claim would be foolhardy in the least.
Finally we should all remember these inopportune and unforgettable words from Angela Kogutt, Founder and Director of the SVC, shortly before she inconscionably abandoned all the non-US investors, within days of being appointed to the Stanford Investors Committee:
“Just so it’s clear, I’m not giving up on the SVC but I am simply going to… represent just the US victims. I will now….limit my efforts to benefit only the 8,000 SGC customers…I haven't met one member of Congress who would go for giving even US citizens who have been severely damaged by the government’s negligence a tax-funded bailout…..The reality is US citizens have no obligation to pay for the private investment losses for investors from around the world…an ungrateful and delusional bunch…who are doing great damage to the recovery efforts of SVC…Just because the US has money and the SEC has admitted to its horrendous mistakes does not mean the US taxpayers should pay for the losses that resulted… I am a US citizen …and have a lot better feel for how things work….and don’t want anyone doing something that hurts what we have so carefully done this past year in Washington…..My hope is that the recent Gag Order prevents these radicals from going too far.
So now we all know where the SVC stands. Fortunately we were not gagged, and the Statute of Limitations has not been allowed to slip quietly by.
FTCA claims take several days to process and must be submitted correctly and timely before the deadline of 16th February 2011, when the Statute of Limitations expires or Stanford investors will be denied any recovery from the US government, forever.
Any Stanford investors who have not yet decided, should contact their attorney at their earliest opportunity, or the attorney submitting the FTCA claims on behalf the Stanford International investors: Kachroo Legal Services of Cambridge, Mass, who already have considerable experience of submitting claims on behalf of the Madoff investors. Email: info@kachroolegal.com
Should any Stanford investors wish for more detail of this campaign and the various arguments, please register for our free and private investor’s forum, which is available to all bona-fide investors in the failed Stanford Financial Group: http://svg.creatuforo.com/profile.php?mode=register
or more information can be obtained on the Stanford Forgotten Victims blog at
http://stanfordsforgottenvictims.blogspot.com/
Written by David Brent
For Stanford International Victims Group
So where does this actually leave the investors who consider they may be eligible for SIPC, and what are their chances?
Firstly, only the 8,000 Stanford investors who invested through the only SIPC registered broker-dealer, Stanford Group Company (SGC), may be eligible for cover under the SIPA, and the likelihood of widening the cover is non-existent, no matter who would have you believe otherwise. The remaining investors will be ineligible for SIPC (20,000 according to FRP, formerly Vantis, the Antiguan receiver; 13,500 according to Janvey the US receiver; they cannot even agree on how many of us were swindled).
The FTCA claims that we are campaigning for are against the Securities and Exchange Commission (SEC), not against SIPC, so investors who may be eligible for SIPC are not prejudicing their chances by filing a claim against the SEC. To state that filing claims under the FTCA may be political suicide could not be further from the truth. There is in fact the very real possibility that should enough investors file FTCA claims, the heat will be turned up on the US Department of Justice to pressure the SEC to order SIPC coverage. It will ultimately be less expensive for the US taxpayer to foot the bill once SIPC have picked up the first $1.8 billion (or $4bn depending on who you believe). One could argue, with just as much authority, that filing a claim could actually assist Stanford investors get SIPC coverage, not hinder them.
As far as the likelihood of success of SIPC goes, please be aware the Chief Counsel of the SEC has previously stated he will not order SIPA coverage for Stanford investors as he considers his order may be challenged and defeated in court by the SIPC, which they are perfectly entitled to do. Hence the SVC campaign to lobby Congress to broaden the SIPA definition of ‘customer’. Will that happen before the statute of limitations runs out? Somewhat unlikely, since there are just 24 days left. We have seen little progress since the new Congress has re-convened, and remember, all the unsuccessful bills from last year, including the very welcome contribution from Senator Culberson, are now time expired.
And what did the Chairman of SIPC, Stephen Harbeck, tell Congress about the proposed change to SIPA to broaden the definition of ‘customer’? In his letter of August 25th 2010, to the Congressional sub-committee who proposed the amendment he stated:
"[W]e believe that the Amendment is inconsistent with SIPA's history, purpose, and provisions, and if passed, would have serious consequences for the investing public and securities broker-dealers."
"Under these facts, if a fictitious construct is applied such that investors in Stanford Bank CDs are deemed to be "customers" under SIPA with an account at Stanford Broker-Dealer, and are deemed to be eligible to recover their net investments in the Stanford Ponzi scheme in a SIPA liquidation of Stanford Broker-Dealer, it is virtually certain that satisfaction of their claims would exhaust the SIPC Fund."
In his words, even if the amendment to the Act was passed, SIPC would have insufficient funds to pay the Stanford victims (notwithstanding the Madoff victims who are also still waiting for SIPC to pay out, and they are eligible). As Mr Harbeck is still in his job, presumably he was not among the SEC staff caught with their pants down, watching porn on their laptops at work, instead of keeping their otherwise idle hands busy and investigating Stanford.
There have also been other requests from the SVC , both to our attorney, and directly to some of the investor groups, asking them to wait until the last minute to file, thus exposing investors to potential last minute problems of completeness, delivery delays, or other force majure. The Eastern seaboard is currently experiencing snow storms and blizzards disrupting business, and postal services, for example.
Perhaps this is a worthy attempt to give Congress and the SEC as much time as possible to do the right thing, but be aware these are two of the most notoriously slow bureaucracies in the US. Many investors who once trusted the SEC, and were swindled out of their hard earned life savings in return, may never trust them to come through again, in particular now the stakes are so high.
Furthermore, the U.S. Supreme Court ruled some time ago that an investor may not bring a suit against SIPC to compel them to initiate a liquidation. So, there is nothing any attorney can do to help Stanford investors gain SIPC.
'We have been reading about the quest for the holy grail of SIPC fortwo years now, and it still appears no nearer, whereas the opportunityto file a protective claim against the SEC under FTCA expires in just24 days.
It is a matter of fact that FTCA claims are currently being processed and will be submitted before the Statute of Limitation expires, regardless of whether SIPC coverage occurs or not. These claims are for full recovery, open to all Stanford investors, irrespective of nationality, or place of residence, and not limited to just $500k, as is SIPC. Ultimately, the decision whether or not to file a claim under the FTCA is in the hands of each investor, but not submitting a protective claim would be foolhardy in the least.
Finally we should all remember these inopportune and unforgettable words from Angela Kogutt, Founder and Director of the SVC, shortly before she inconscionably abandoned all the non-US investors, within days of being appointed to the Stanford Investors Committee:
“Just so it’s clear, I’m not giving up on the SVC but I am simply going to… represent just the US victims. I will now….limit my efforts to benefit only the 8,000 SGC customers…I haven't met one member of Congress who would go for giving even US citizens who have been severely damaged by the government’s negligence a tax-funded bailout…..The reality is US citizens have no obligation to pay for the private investment losses for investors from around the world…an ungrateful and delusional bunch…who are doing great damage to the recovery efforts of SVC…Just because the US has money and the SEC has admitted to its horrendous mistakes does not mean the US taxpayers should pay for the losses that resulted… I am a US citizen …and have a lot better feel for how things work….and don’t want anyone doing something that hurts what we have so carefully done this past year in Washington…..My hope is that the recent Gag Order prevents these radicals from going too far.
So now we all know where the SVC stands. Fortunately we were not gagged, and the Statute of Limitations has not been allowed to slip quietly by.
FTCA claims take several days to process and must be submitted correctly and timely before the deadline of 16th February 2011, when the Statute of Limitations expires or Stanford investors will be denied any recovery from the US government, forever.
Any Stanford investors who have not yet decided, should contact their attorney at their earliest opportunity, or the attorney submitting the FTCA claims on behalf the Stanford International investors: Kachroo Legal Services of Cambridge, Mass, who already have considerable experience of submitting claims on behalf of the Madoff investors. Email: info@kachroolegal.com
Should any Stanford investors wish for more detail of this campaign and the various arguments, please register for our free and private investor’s forum, which is available to all bona-fide investors in the failed Stanford Financial Group: http://svg.creatuforo.com/profile.php?mode=register
or more information can be obtained on the Stanford Forgotten Victims blog at
http://stanfordsforgottenvictims.blogspot.com/
Written by David Brent
For Stanford International Victims Group
Friday, 21 January 2011
MORE QUESTIONABLE ADVICE - FROM COVISAL TO LATIN AMERICAN INVESTORS
The self-proclaimed ‘Leader’ of COVISAL, Jaime R. Escalona, continues to issue very questionable advice to Latin American Stanford investors.
Not only has he been requesting further ‘donations,’ now a questionnaire to register with Covisal has been issued to Latin American investors. This questionnaire requests extensive private and confidential information from Stanford victims, including; the amount of their investment; the objective of their investment, whether it was a retirement fund, family life savings, education fund, or to guarantee business loans, etc; bank details; credit card details; account statements; and even certain PIN numbers are requested.
I leave you to draw your own conclusions whether all this information is absolutely necessary to join a victim’s support group, and consider carefully what risks investors may face from the trust placed in Covisal if this information is misused, or otherwise falls into the wrong hands.
Furthermore, Covisal continues to advise investors to fill-out their own FTCA claim forms, without acknowledging the risks of such claims being incomplete; being submitted too late; or being otherwise ineligible. Please refer to some of the earlier posts for more detail of the risks involved in ‘self-filing.’ The amount of case-law and precedents that need to be understood is immense, and easy to confuse; you can easily imagine the potential for filing an incomplete or ineligible claim if your first language is not English.
We understand the ‘Leader’ of Covisal has even advised his followers that there is no urgency, to submit FTCA claims, as this is will be a class-action that all investors can join-in later. Anyone spouting such blatant misinformation should not be trusted further.
Should there be litigation, which will most likely become a class-action, ONLY those investors who have registered valid claims will be included. This is an action against the US Government under the FTCA, where the rules for eligibility are very different to other class-actions, and if the reason you give for the negligence of the SEC is significantly different to the rest of the class, your claim may not even be admissible into the class action. In which case you may have to go to court separately and litigate your claim on your own, at your own expense. Furthermore if you do not already have a contract with an attorney, such as the one we have negotiated with Kachroo Legal services for a 15% contingency, you may have to pay whatever the judge awards to the lead attorney, which could be as high as 25% contingency fees. In the past some attorneys have demanded as high as 32% contingency fees from Stanford investors who chose not to pay a retainer. Please be reminded our attorney has already offered to accept clients who are experiencing extreme hardship and can not afford to pay a retainer.
Finally, we understand the ‘Leader’ of Covisal continues to claim our attorney only has only been practicing for 6 years, when she actually has 22 years of experience , some of it highly relevant; has never lost a case; and is the most highly rated for her qualifications and experience. Anyone wishing to compare the rating of our attorney with any of the other Stanford attorneys should refer to the following link and draw their own conclusions:
http://www.avvo.com/attorneys/02142-ma-gaytri-kachroo-1356107.html and her CV can be found here: http://www.kachroolegal.com/docs/dr_kachroo_cv.pdf
Investors in the failed Stanford International Bank, a part of the Stanford Financial Group, in receivership since the arrest of Allen Stanford, who is currently in detention in Houston awaiting trial on 23 counts of fraud, have only a few days left to submit administrative claims under the Federal Tort Claims Act against the US Securities and Exchange Commission; for their negligence in not acting against Allen Stanford sooner, despite knowing for 13 years it was likely he was operating a Ponzi scheme.
The deadline for claims is fast approaching. Unless claims are submitted correctly and timely before the two year Statute of Limitations expires next month on the 16th February 2011, Stanford investors will be denied any recovery from the US government, forever.
The Stanford International Victims Group have engaged an attorney to submit FTCA claims against the SEC. This action against the SEC will not prejudice any SIPC recovery efforts, and is open to all the Stanford investors, irrespective of nationality, place of residence, or the Stanford entity in which they made their investments.
Any Stanford investors, who have not yet decided whether to join this action, should contact their own attorney at their earliest opportunity, or the attorney submitting the FTCA claims on behalf the Stanford International Victims Group: Kachroo Legal Services of Cambridge, Mass. who already have experience of submitting claims on behalf of the Madoff investors.
Email: info@kachroolegal.com
Not only has he been requesting further ‘donations,’ now a questionnaire to register with Covisal has been issued to Latin American investors. This questionnaire requests extensive private and confidential information from Stanford victims, including; the amount of their investment; the objective of their investment, whether it was a retirement fund, family life savings, education fund, or to guarantee business loans, etc; bank details; credit card details; account statements; and even certain PIN numbers are requested.
I leave you to draw your own conclusions whether all this information is absolutely necessary to join a victim’s support group, and consider carefully what risks investors may face from the trust placed in Covisal if this information is misused, or otherwise falls into the wrong hands.
Furthermore, Covisal continues to advise investors to fill-out their own FTCA claim forms, without acknowledging the risks of such claims being incomplete; being submitted too late; or being otherwise ineligible. Please refer to some of the earlier posts for more detail of the risks involved in ‘self-filing.’ The amount of case-law and precedents that need to be understood is immense, and easy to confuse; you can easily imagine the potential for filing an incomplete or ineligible claim if your first language is not English.
We understand the ‘Leader’ of Covisal has even advised his followers that there is no urgency, to submit FTCA claims, as this is will be a class-action that all investors can join-in later. Anyone spouting such blatant misinformation should not be trusted further.
Should there be litigation, which will most likely become a class-action, ONLY those investors who have registered valid claims will be included. This is an action against the US Government under the FTCA, where the rules for eligibility are very different to other class-actions, and if the reason you give for the negligence of the SEC is significantly different to the rest of the class, your claim may not even be admissible into the class action. In which case you may have to go to court separately and litigate your claim on your own, at your own expense. Furthermore if you do not already have a contract with an attorney, such as the one we have negotiated with Kachroo Legal services for a 15% contingency, you may have to pay whatever the judge awards to the lead attorney, which could be as high as 25% contingency fees. In the past some attorneys have demanded as high as 32% contingency fees from Stanford investors who chose not to pay a retainer. Please be reminded our attorney has already offered to accept clients who are experiencing extreme hardship and can not afford to pay a retainer.
Finally, we understand the ‘Leader’ of Covisal continues to claim our attorney only has only been practicing for 6 years, when she actually has 22 years of experience , some of it highly relevant; has never lost a case; and is the most highly rated for her qualifications and experience. Anyone wishing to compare the rating of our attorney with any of the other Stanford attorneys should refer to the following link and draw their own conclusions:
http://www.avvo.com/attorneys/02142-ma-gaytri-kachroo-1356107.html and her CV can be found here: http://www.kachroolegal.com/docs/dr_kachroo_cv.pdf
Investors in the failed Stanford International Bank, a part of the Stanford Financial Group, in receivership since the arrest of Allen Stanford, who is currently in detention in Houston awaiting trial on 23 counts of fraud, have only a few days left to submit administrative claims under the Federal Tort Claims Act against the US Securities and Exchange Commission; for their negligence in not acting against Allen Stanford sooner, despite knowing for 13 years it was likely he was operating a Ponzi scheme.
The deadline for claims is fast approaching. Unless claims are submitted correctly and timely before the two year Statute of Limitations expires next month on the 16th February 2011, Stanford investors will be denied any recovery from the US government, forever.
The Stanford International Victims Group have engaged an attorney to submit FTCA claims against the SEC. This action against the SEC will not prejudice any SIPC recovery efforts, and is open to all the Stanford investors, irrespective of nationality, place of residence, or the Stanford entity in which they made their investments.
Any Stanford investors, who have not yet decided whether to join this action, should contact their own attorney at their earliest opportunity, or the attorney submitting the FTCA claims on behalf the Stanford International Victims Group: Kachroo Legal Services of Cambridge, Mass. who already have experience of submitting claims on behalf of the Madoff investors.
Email: info@kachroolegal.com
Monday, 17 January 2011
ARE CERTAIN ADVISORS OF STANFORD BANK VICTIMS LINING THEIR OWN POCKETS?
Over the weekend one of the self-appointed and so called ‘leaders’ of a group of Stanford victims issued yet another request for ‘donations’ from the victims. It is regrettable there will always be those who prey on the weak and needy, continually asking for money from victims who have already given all they can afford to give, and for what? What exactly have these individuals achieved with all the donations they have received over the last two years? What have all the donations been spent on, and why do some individuals continue to keep asking for more, when they can show nothing constructive for all the money they have collected?
The Stanford International Victims Group does not condone requests for donations by any of these individuals. Please discard any correspondence you receive from them asking for money.
The team behind this campaign has worked tirelessly, and without any need to request donations from any of the victims, and have done so for the benefit of all the Stanford investors.
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 abode. All valid claims must be submitted correctly and timely before the 16th February 2011 deadline when the Statute of Limitations expires.
Please consult an attorney to submit your claims. 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 investors Group: Kachroo Legal Services, Cambridge, Mass., who already have extensive experience of submitting FTCA claims for the Madoff investors. Email:info@kachroolegal.com
The Stanford International Victims Group does not condone requests for donations by any of these individuals. Please discard any correspondence you receive from them asking for money.
The team behind this campaign has worked tirelessly, and without any need to request donations from any of the victims, and have done so for the benefit of all the Stanford investors.
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 abode. All valid claims must be submitted correctly and timely before the 16th February 2011 deadline when the Statute of Limitations expires.
Please consult an attorney to submit your claims. 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 investors Group: Kachroo Legal Services, Cambridge, Mass., who already have extensive experience of submitting FTCA claims for the Madoff investors. Email:info@kachroolegal.com
Sunday, 16 January 2011
ONLY ONE MONTH FOR STANFORD INVESTORS TO SUBMIT CLAIMS BEFORE THE STATUTE OF LIMITATIONS EXPIRES
The deadline for FTCA claims by investors of the failed Stanford Financial Group against the US Securities and Exchange Commission is now just 31 days.
Investors in the failed Stanford International Bank, a part of the Stanford Financial Group, in receivership since the arrest of Allen Stanford, who is currently in detention in Houston awaiting trial on fraud charges, have just 31 days left to submit administrative claims under the Federal Tort Claims Act against the US Securities and Exchange Commission for their negligence in not acting against Allen Stanford sooner, despite knowing for 13 years it was likely he was operating a Ponzi scheme.
The deadline for claims is fast approaching. Unless claims are submitted correctly and timely before the two year Statute of Limitations expires next month on the 16th February 2011, Stanford investors will be denied any recovery from the US government, forever.
The Stanford International investors have engaged an attorney to submit FTCA claims against the SEC. This action against the SEC will not prejudice any SIPC recovery efforts, and is open to all the Stanford investors, irrespective of nationality, or place of abode.
Any Stanford investors who have not yet decided, should contact their attorney at their earliest opportunity, or the attorney submitting the FTCA claims on behalf the Stanford International investors: Kachroo Legal Services of Cambridge, Mass: info@kachroolegal.com who already have experience of submitting claims on behalf of the Madoff investors.
Investors in the failed Stanford International Bank, a part of the Stanford Financial Group, in receivership since the arrest of Allen Stanford, who is currently in detention in Houston awaiting trial on fraud charges, have just 31 days left to submit administrative claims under the Federal Tort Claims Act against the US Securities and Exchange Commission for their negligence in not acting against Allen Stanford sooner, despite knowing for 13 years it was likely he was operating a Ponzi scheme.
The deadline for claims is fast approaching. Unless claims are submitted correctly and timely before the two year Statute of Limitations expires next month on the 16th February 2011, Stanford investors will be denied any recovery from the US government, forever.
The Stanford International investors have engaged an attorney to submit FTCA claims against the SEC. This action against the SEC will not prejudice any SIPC recovery efforts, and is open to all the Stanford investors, irrespective of nationality, or place of abode.
Any Stanford investors who have not yet decided, should contact their attorney at their earliest opportunity, or the attorney submitting the FTCA claims on behalf the Stanford International investors: Kachroo Legal Services of Cambridge, Mass: info@kachroolegal.com who already have experience of submitting claims on behalf of the Madoff investors.
Saturday, 15 January 2011
STANFORD BANK FTCA CLAIM CAMPAIGN FACES INTERNET ATTACKS
In the last few weeks since we commenced this campaign to raise awareness amongst Stanford investors that they have a real possibility of full recovery of their losses by submitting administrative claims against under the FTCA against the US government Securities and Exchange Commission, we have experienced an unprecedented level of anonymous internet attacks; against this blog; some of the team who have worked tirelessly and without remuneration to pull this together; and against the attorney we have hired; including the leaking of private correspondence with officials in positions of authority.
It is clear there are certain individuals, groups, assemblies, and agencies that have a vested interest in trying to derail this campaign, but despite this we remain undeterred.
For any Stanford investors who are not yet aware of this option for full recovery of their losses; under the Federal Tort Claims Act, investors who suffered losses in the failed Stanford International Bank, a part of the Stanford Financial Group, can lodge administrative claims against the Securities and Exchange Commission for their negligence in failing to act sooner, despite knowing for 13 years Allen Stanford was likely a fraud. Allen Stanford is currently in detention in Houston awaiting trial on 23 counts of fraud.
The deadline for claims to be submitted is approaching fast. Unless all claims are submitted correctly and timely before the Statute of Limitations expires on February 16th 2011, Stanford investors will be barred from any recovery against the US government, forever.
Time is of the essence. Please contact your attorney without delay, or the attorney hired by the Stanford international investors: Kachroo Legal Services of Cambridge, Mass. who are experienced in submitting FTCA claims, having already done so for many Madoff investors. Email: info @kachroolegal.com
It is clear there are certain individuals, groups, assemblies, and agencies that have a vested interest in trying to derail this campaign, but despite this we remain undeterred.
For any Stanford investors who are not yet aware of this option for full recovery of their losses; under the Federal Tort Claims Act, investors who suffered losses in the failed Stanford International Bank, a part of the Stanford Financial Group, can lodge administrative claims against the Securities and Exchange Commission for their negligence in failing to act sooner, despite knowing for 13 years Allen Stanford was likely a fraud. Allen Stanford is currently in detention in Houston awaiting trial on 23 counts of fraud.
The deadline for claims to be submitted is approaching fast. Unless all claims are submitted correctly and timely before the Statute of Limitations expires on February 16th 2011, Stanford investors will be barred from any recovery against the US government, forever.
Time is of the essence. Please contact your attorney without delay, or the attorney hired by the Stanford international investors: Kachroo Legal Services of Cambridge, Mass. who are experienced in submitting FTCA claims, having already done so for many Madoff investors. Email: info @kachroolegal.com