Almost exactly four years after authorities shut down Allen Stanford’s $7 billion Ponzi scheme, his investors could finally get some of their money back—but it won’t be much. The court-appointed receiver rounding up Stanford’s assets has asked a federal judge for permission to distribute $55 million to some 17 thousand investors. The distribution, the first since Stanford’s assets were frozen in February, 2009, would amount to less than 1.3 cents on the dollar. See CNBC News report here.
