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.
A Texas judge has ruled that financier Allen Stanford is incompetent to stand trial at this time over allegations that he was involved in a seven-billion-dollar fraud including many in Louisiana.