Vitter ‘disappointed’ by SEC in Ponzi scheme recovery

Sen. David Vitter (R-Louis.) on Monday criticized the Securities and Exchange Commission for not appealing a court decision that ruled that victims of a multi-billion-dollar Ponzi scheme are not eligible to get their money back. “It’s disappointing the SEC would just give up,” Vitter said in a statement. “But I’m going to make sure that they stay committed to helping the Stanford Ponzi scheme victims get compensated.” Reuters reported Friday that SEC spokesman John Nester said commission officials will continue to work with the victims of Allen Stanford’s Ponzi scheme to “maximize recoveries.” More in The Hill here.