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
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