Sunday, 21 December 2014
Last updated 4 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.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.