Monday, 27 April 2015
Last updated 1 hour ago
Aug 5 2011 | 10:38am ET
The liquidator of accused Ponzi schemer R. Allen Stanford's bank has won the release of US$20 million in assets frozen in the U.K.
Grant Thornton will have access to US$5 million of the money immediately. The firm will use the proceeds to continue its efforts to recover other assets for the victims of Stanford's US$7 billion fraud, particularly via lawsuits against Stanford's banks, advisers and investors.
There is another US$80 million or so of Stanford International Bank's assets in the U.K., primarily in hedge funds.
Stanford is set to go on trial early next year. He has denied the charges against him.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…