Securities and Exchange Commission
SEC v. Stanford International Bank Ltd.
SettledFiled: February 15, 2009
Robert Allen Stanford and James Davis, with the assistance of the other Defendants, allegedly perpetrated a massive $8 billion Ponzi scheme and misappropriated billions of dollars of investor funds through the offer and sale of fraudulent, offshore “certificates of deposit,” according to the SEC.
Summary generated from official Securities and Exchange Commission press release
Source: Securities and Exchange Commission Press Release ↗Parties
Defendants / Respondents
- Robert Allen Stanford
- James Davis
- Gilberto Lopez
- Stanford International Bank, Ltd.
- Stanford Group Company
- Stanford Capital Management, LLC
- Stanford Financial Group Company
- The Stanford Financial Group Building, Inc.
Dates
Filed
February 15, 2009
Resolved
January 28, 2025
Published
February 24, 2025
Case Details
Industry
Finance
Penalty Type
Fine