« Voting Section seeks civil rights analysts | Main | Alabama: 50 years later, Alabama State University rights a wrong »

5 national party committees sued for return of Allen Stanford contributions

Peter Overby reports on All Things Considered: A court-appointed officer in Dallas has sued national party committees, both Democratic and Republican, to recover campaign contributions from indicted financier R. Allen Stanford. The money at stake totals $1.6 million.

The officer, known as a receiver, says the money belongs to investors who were allegedly defrauded by Stanford. The disgraced financier is accused of using their money in a Ponzi scheme instead of investing it. ...

The SEC froze Stanford's assets a year ago, well before the Justice Department indicted him. The SEC also asked the federal district court in Dallas to appoint the receiver, who's responsible for recovering other money that Stanford had thrown around in his high-flying lifestyle. -- Read or listen to the whole story --> Courts Seek To Recover Stanford's Political Pledges : NPR

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)