A judge’s decision to ban convicted multibillion-dollar swindler Robert Allen Stanford’s top manager in Baton Rouge from the securities business is a significant step forward for small investors, a local attorney said Thursday. Jason T. Green, 50, a 13-year Stanford employee who managed the Baton Rouge office before becoming Stanford’s private-client group president in 2007, also was ordered Aug. 2 in Houston to surrender $2.6 million of his earnings and pay a civil penalty of $260,000. The decision by Administrative Law Judge Carol Fox Foelak “is very significant in terms of establishing the liability of people who sold investments for Stanford,” Baton Rouge attorney Phillip W. Preis said. More in The Advocate here.
