Ponzi schemer R. Allen Stanford’s Antiguan liquidators have agreed to cooperate with his U.S. receiver and federal prosecutors to jointly control the convicted financier’s remaining assets, the liquidators said. The receiver and liquidators have battled for control of Stanford’s assets since U.S. regulators seized his companies in February 2009. The agreement announced Thursday by liquidators Hugh Dickson and Marcus Wide, and independently confirmed by Kevin Sadler, a lawyer for the court-appointed U.S. receiver, clears one of the last obstacles to compensating victims of Stanford’s investment scheme. The parties “reached an agreement in principle that, if finalized and approved by the relevant authorities,” would result in coordination of victim claims, increased information sharing and cooperation on asset recovery, Wide and Dickson said in an e-mailed statement. More in the Star Telegram here.
