When R. Allen Stanford's financial empire collapsed, the reverberations spread throughout the world. There is now a receiver in just about every country where the Texan operated, and all are assigned to track down what's left of Houston-based Stanford Financial Group and its related enterprises. "This thing has gotten so many hydra-like heads," said one lawyer who represents Stanford clients, adding, "This is going to be very complicated, probably more complicated than the Madoff receivership."
April 06, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
When R. Allen Stanford’s financial empire collapsed, the reverberations spread throughout the world.
There is now a receiver in just about every country where the fifth-generation Texan operated, and all are assigned to track down what’s left of Houston-based Stanford Financial Group and its related enterprises.
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