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.

 

LSP Lt. Stelly’s mandatory settlement conference was fruitless; first two days of Stanford / OFI trial highlighted with prospective juror indicating his occupation as “illegal drug dealer.”

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 $7 billion loss for all investors in his scheme. Sixteen (16) years after the scheme collapsed, on July 23, 2024, 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 a very brief update on the matter of LSP Lt. John Stelly v. LSP and provides highlights of the first two days of the trial entailing the class action lawsuit of the Stanford Trust Ponzi scheme victims wherein the Louisiana OFI is the defendant:

 7/24/24:  Brief update on Stelly v. LSP and overview of first two days of Lillie et. al. vs. OFI.

Support documents for the brief update on LSP Lt. Stelly in his reverse discrimination suit against LSP:

1.  Minute Entry indicating the Stelly Settlement Conference was fruitless.

2.  Stelly’s Opposition Memorandum to LSP’s Efforts to Strike Evidence in his Opposition Memorandum to LSP’s Motion for Summary Judgment (and his, “request the Court deny the motion in limine and award Plaintiff attorney fees and sanctions for filing this opposition to such a frivolous motion.”

3.  LSP’s response to Stelly’s Opposition Memorandum seeking “attorney fees and sanctions…”

4.  Stelly’s Motion to Strike LSP Major Robert Burns’ Declaration and Request for Expedited Hearing (obviously the trooper, not Robert Burns the blogger).