Court-appointed receiver Ralph Janvey now wants former Stanford employees who invested in CDs to repay the proceeds. In his suit, brought against Ronald Wieselbert et al, Janvey has produced a list of 77 former workers whom he alleges received over US$27 million.
The list includes what each employee allegedly received.
The return on the CDs ranged from US$52,000 to over US$3 M, according to Janvey. This, he is claiming, was unjustly derived from the 20,000 CD holders who were alleged duped into buying into a Ponzi scheme.
While the document did not include where the employees were based, Caribarena.com has learned that at least one former employee in Antigua has received a letter demanding the return of funds accrued.
Janvey alleges that "the former employee investors have been unjustly enriched by their receipt of CD Proceeds".
The letter to the former employees is reprinted below:
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