Sen. David Vitter applauding some good news for victims of the alleged Stanford Ponzi scheme. Last night, a federal court ruled that victims do not have to wait for a long, costly trial before they can get compensated.
The Securities and Exchange Commission announces victims of the alleged Stanford Group Ponzi Scheme are entitled to get special coverage for their losses, provided by another government agency, the Securities Investor Protection Corporation.
Washington, DC – U.S. Congressman Charles W. Boustany, Jr., MD, today demanded the Securities and Exchange Commission (SEC) act to assist victims of the Stanford Ponzi scheme.
In light of recent Ponzi schemes and investment scams, Congressman Charles Boustany is co-sponsoring a measure that seeks to help those defrauded by deceptive investment brokers.