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.

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