Victims of Allen Stanford’s alleged $7.2 billion Ponzi scheme may soon have a chance to submit claims, though it remains unclear how much of their losses they might ultimately recover or when that recovery might take place. Ralph Janvey, the court-appointed receiver for Stanford’s firm, asked a federal judge in Dallas for permission to set up a claims process, 2-1/2 years after the financier’s arrest, a Wednesday court filing shows. Read Reuters report here.
