Investment Fraud Lawyer, Stanford Financial Group

Have you been impacted by alleged Stanford Financial Group investment fraud? If so, an experienced investment fraud lawyer with Jim S. Adler & Associates can help. Fill out a free case evaluation form online or call 1-800-505-1414 to speak to a legal representative and find an attorney to launch the process of gaining your financial recovery.

Serving clients since 1973, the established Texas law firm of Jim S. Adler & Associates understands the enormity of the financial setbacks faced by thousands of Stanford investors since the Securities and Exchange Commission alleged a potential $8 billion in investment fraud. In filing its civil fraud complaint against Stanford Feb. 17 in Dallas, the SEC alleged a massive "Ponzi" scheme in which Stanford used money from new investors to pay returns to older investors.

Stanford assets are still frozen

A judge in Dallas has placed a receiver -- Dallas lawyer Ralph Janvey -- in charge of Stanford Financial Group, and also has frozen its assets. Meanwhile, Stanford head Robert Allen Stanford, a native of Mexia, Texas, and a graduate of Baylor University, has not been charged. But the SEC asserts that Stanford and his college roommate, James Davis, have misappropriated $1.6 billion of investors' funds.

Stanford Financial Group reportedly has 35,000 customers. Most of them don't know when -- or if -- they'll be able to reclaim the money they invested there. Stanford's international network of financial and banking companies has headquarters in the Houston Galleria area and has investors across the globe.

An investment fraud lawyer can help

Janvey says that by March 16 he hopes to propose to U.S. District Judge David C. Godbey that accounts of less than $100,000 being held by Stanford's clearing firms be released. Even if this happens, many of Stanford's investors and its 3,000 employees in Houston and elsewhere still may not have access to their funds or paychecks.

Janvey says his review of the situation reveals that, while some Stanford assets remain, they are far below the amount that Stanford owes. Janvey believes hundreds of millions of dollars may be recovered, but not billions of dollars.

If you or a family member has been affected by this financial calamity, notify an investment fraud lawyer with Jim S. Adler & Associates to explore your legal options.

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