Financial Times FT.com

Stanford scandal

Stanford receiver seeks $925m from investors

By Stacy-Marie Ishmael in New York

Published: July 30 2009 00:10 | Last updated: July 30 2009 00:10

The receiver appointed to administer the affairs of the businesses owned by Sir Allen Stanford, the alleged Ponzi schemer, is seeking to recoup almost $1bn from investors, court documents show.

Ralph Janvey intends to claw back $925m linked to certificates of deposit issued by Stanford International Bank in Antigua.

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