United States and Antiguan-appointed receivers for disgraced Texas financier Allen Stanford’s holdings vied in court for control of Stanford’s assets as investors await payment for losses in his alleged US$7 billion Ponzi scheme.

The Official Stanford Investors Committee asked the US Justice Department to repatriate $330 million frozen in indicted financier R Allen Stanford’s foreign bank accounts as suspected criminal proceeds, even though the funds are legally controlled by Stanford’s Antiguan receiver.

The newly appointed liquidators of Stanford International Bank (SIB), Marcus Wide and Hugh Dickson, announced yesterday that they hope to reach a compromise

Almost one year after Vantis initiated an appeal against its removal as liquidators of Stanford International Bank Limited (SIBL)

Liquidators of Allen Stanford’s business empire will be heading to the Eastern Caribbean Supreme Court of Appeal this month.

The US government forfeited its right to nearly $2.5 million in money-laundered assets of a former Ukrainian prime minister by screwing up forfeiture proceedings, the 9th Circuit ruled on Tuesday.