Ten years after the second biggest investor fraud in U.S. history, victims of the $8 billion Ponzi scheme run by disgraced financier R. Allen Stanford have recovered practically nothing, court records show.
That’s in stark contrast to the substantial recoveries on behalf of victims of the Bernard Madoff scam, which became public two months earlier.
The difference has enraged Stanford’s victims — many of whom were retirees who had been sold “safe” investments — and has some lawmakers still calling for reforms.
via Allen Stanford’s Ponzi scheme victims say they have been short-changed.
