Investors looking for deep pockets to make them whole are suing a U.K.-based insurance company that provided convicted Ponzi scammer R. Allen Stanford with written endorsements. The 29 plaintiffs, who are from Uruguay, Bolivia, Colombia and Venezuela, saw a combined loss of $30 million when Stanford International Bank collapsed. The investors are also suing Willis Group Holdings' U.S. subsidiary.
Investors Sue Insurance Company That Vouched for Stanford Ponzi Scam
Daily Business Review
July 12, 2013