MONTOYA | LOPEZ, P.L.

Attorneys that get the job done

Stanford Financial Fraud Case
MIAMI LAW FIRM TO HELP STANFORD VICTIMS

Prominent Miami law firm, Montoya | Lopez, P.L., has been retained by Latin American investors to investigate and explore commencing legal action Robert Allen Stanford and his companies in the recovery of lost investments.  On February 17, 2009, the Securities and Exchange Commission (SEC) filed a lawsuit against Robert Allen Stanford and three of his companies alleging the perpetuation of an $8 billion dollar fraud.   The complaint also sought to enjoin Robert Allen Stanford and his companies from continuing the massive fraud on investors.

According to the SEC, Stanford and his companies devised an intricate scheme through a network of advisors and sold approximately $8 billion dollars of self-styled “certificates of deposits” by promising high return rates that exceed those available through true certificates of deposits offered by traditional banks. However, Stanford and his companies never invested any of the monies in liquid financial instruments, as promised, or allocated any monies described in its promotional material and public reports.  Instead, a “substantial portion of the bank’s portfolio was placed in illiquid investments, such as real estate and private equity.  The vast majority of Stanford’s multi-billion dollar investment portfolio was not monitored by a team of analysts, but rather by two people- Allen Stanford and James Davis.”

"Investors need to act quickly in order to preserve their rights and secure the return of their investments" said Miami attorney Edward Montoya, one of the founding members of the firm and litigating attorney.  Montoya and his Miami law firm have handled similar cases including the currently pending Mutual Benefits Corporation matter in which thousands of investors lost their investments in a similar Ponzi scheme.  Second only to the Madoff scandal, it is estimated that the loss to investors could exceed $10 billion dollars.  “Only time will tell, ” said Mr. Montoya.

"There are several critical things that investors should be doing right now" said Jorge Lopez, founding partner of the Miami law firm.  The following are documents that each investor should preserve:
  • Copies of all applications for investment
  • Copies of statements
  • Any and all correspondence received from Stanford
  • Any other document reflecting increases or decreases in the investment 
  • Brochures and literature used by Stanford to market its financial products, and 
  • Any other document relevant to the investment at issue.

Victims may be entitled to a portion of their investments depending on how much moneys remain available in Stanford’s bank accounts, assets recovered by the federal government and personal assets recovered during the investigation by the SEC.  Additionally, victims may be entitled to apply for compensation under a federal government backed program.

To learn more how you may recover your investment, please contact Miami attorneys Edward Montoya or Jorge Lopez.
Need Assistance?
If are a victim of the recent Stanford Bank Fraud investigation and need assistance in learning how to recover your investment, please fillout our Stanford Questionnaire. Someone from our office will contact you to discuss the details of you matter.