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Stanford Capital Management fraud
Houston, TX
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Posted 9 months ago in Securities / Investment Fraud
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I learned today that Stanford capital management in Houston is "temporarily closed" because they've apparently pulled a Madoff. A couple of my family members have substantial amounts of money in Stanford. What is going to happen now? Should they hire lawyers? Or just go through the SEC? I can't believe the crooks out there!
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Answers (2)
Michael Emory Clark
This attorney is licensed in Texas.
Posted 9 months ago.
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To the extent that there is an asset freeze, the pool of funds that are going to be available for investors will be overseen by the SEC and its agents. Basically, it is a get in line situation for many investors but there's always some benefit from having an informed representative to help interface and explain the workings of the system when so much is at stake.
Jonathan H Levy
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