Month: July 2024

Stanford victims’ attorney Preis’ frustration with long-time OFI Chief Examiner Sid Seymour’s witness responses was palpable as evidenced by very sarcastic question of “is it your plan to be back home before Christmas?”

Robert Allen Stanford, Federal prison inmate and mastermind behind a Ponzi scheme which allegedly cost Southeast Louisiana investors several billion dollars as part of an overall estimated loss of $7 billion to all investors in the scheme.  On July 23, 2024, sixteen (16) years after the scheme collapsed, the class action lawsuit of his victims against the Louisiana Office of Financial Institutions (OFI) commenced.

In today’s Sound Off Louisiana feature, founder Robert Burns provides an overview of the July 31, 2024 proceedings of Lillie et. al. vs. Louisiana Office of Financial Insertions (OFI):

 Highlights of July 31, 2024 proceedings of Lillie et. al. vs. OFI.  Note:  We sincerely apologize for our repeated mispronunciation of the name of Ms. Nena Eddy, whom Burns repeatedly referenced as “Ms. Needy.”  It’s an inexcusable error and, again, we sincerely apologize for it.

Links for attorney arguing their clients case (so far):

Plaintiffs:  Phil Preis and his daughter, Caroline Graham.

Defendant:  Dennis Blunt, Nena Eddy, and Michael Victorian.

Former OFI Trust Examiner Deree Allen (on Stanford victims): “Maybe they should have heeded the advice of our grandmothers and not put all their eggs in one basket, especially a company in a foreign country.”

Robert Allen Stanford, Federal prison inmate and mastermind behind a Ponzi scheme which allegedly cost Southeast Louisiana investors several billion dollars as part of an overall estimated loss of $7 billion to all investors in the scheme.  On July 23, 2024, sixteen (16) years after the scheme collapsed, the class action lawsuit of his victims against the Louisiana Office of Financial Institutions (OFI) commenced.

In today’s Sound Off Louisiana feature, founder Robert Burns provides an overview of the July 29, 2024 and July 30, 2024 proceedings of Lillie et. al. vs. Louisiana Office of Financial Insutions (OFI):

 Highlights of July 29, 2024 and July 30, 2024 proceedings of Lillie et. al. vs. OFI.

Links for attorney arguing their clients case (so far):

Plaintiffs:  Phil Preis and his daughter, Caroline Graham.

Defendant:  Dennis Blunt, Nena Eddy, and Michael Victorian.

Stanford Trust victims’ attorney Phil Preis uses simple funnel analogy to depict scheme, while OFI defense attorney Dennis Blunt makes authoritative (and accurate) arguments of lack of enforcement authority and resources of OFI vs. that of Federal regulators.

Robert Allen Stanford, Federal prison inmate and mastermind behind a Ponzi scheme which allegedly cost Southeast Louisiana investors several billion dollars as part of an overall estimated loss of $7 billion to all investors in the scheme.  On July 23, 2024, sixteen (16) years after the scheme collapsed, the class action lawsuit of his victims against the Louisiana Office of Financial Institutions (OFI) commenced.

In today’s Sound Off Louisiana feature, founder Robert Burns provides an overview of the third and fourth days of the Stanford Trust victims’ trial against defendant Louisiana Office of Financial Institutions (OFI):

 Highlights of opening arguments and first two plaintiff witnesses in the Stanford Trust victims vs. OFI litigation in 19th JDC before Judge Don Johnson.

Links for attorneys arguing their clients’ cases (so far):

Plaintiffs:  Phil Preis and his daughter, Caroline Graham.

Defendant:  Dennis Blunt, Nena Eddy, and Michael Victorian.