Thursday, 26 November 2015
Last updated 18 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…