For more than five years, lawyers representing a court-appointed receiver have trotted the globe in their quest to find the assets of convicted financier R. Allen Stanford—a trip that’s taken them to a bank in Panama, to a broker business in Peru and through the coffers of both of the U.S. major political parties.
The lawyers have recovered hundreds of millions in funds related to the alleged massive Ponzi scheme linked to Stanford-related bank defendants as part of a Securities and Exchange Commission action pending in a Northern District of Texas trial court. [See "The Slowpoke Report: Hurricane Ike, Ponzi Scheme and Border-Fence Cases Swamp Judges," Texas Lawyer, January 13, page 1.]
