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DALLAS (CN) - The receiver for Allen Stanford's alleged $7 billion Ponzi scheme claims two Louisiana law firms helped Stanford misappropriate more than $1.8 billion, by giving false opinions to authorities and referring clients to Stanford in exchange for benefits.
Stanford Receiver Sues 2 Law Firms for $1.8B
Seeded on Wed Feb 22, 2012 6:06 AM EST
Article Source: Courthouse News Service - By David Lee- Enjoy this article? Help vote it up the 'Vine.
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Ralph Janvey, the court-appointed receiver, sued New Orleans-based law firm Adams & Reese and Baton Rouge-based Breazeale Sachse & Wilson, in Federal Court. Janvey also sued Adams & Reese attorneys Robert Schmidt and James Austin, Breazeale Sachse & Wilson attorney Claude Reynaud and Stanford Trust Co. directors Cordell Haymon and Thomas Frazier.
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