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.
Not sure at all that these people should receive the state. I thought a law firm in
Baton Rouge made it possible to sell these securities.
is the NASD still operating and if so they were not mentioned as i know they do some investigations and they have some lawyers and cpa people in staff i know that was in new orleans…..so would the NASD be involved in not knowing about a ponzi scheme like this?