Ralph Janvey, the receiver appointed by US courts to marshal the assets of the Stanford Financial Group, has set his sights on two former employees of the company??s investment advisory unit.
In papers filed in Dallas, Mr Janvey said Christopher Aitken and Stephen Thacker received $8.7m and $2.6m, respectively, for three months?? work.
The payments were made in November 2008, three months before US officials swooped on the group??s Houston headquarters amid accusations that founder Sir Allen Stanford had been operating a massive Ponzi scheme. ??There is no indication that they provided any meaningful services in that brief period that would establish a legitimate right to retain over $11m,? Mr Janvey claimed in the filing. ??The money paid to Mr Aitken and Mr Thacker came not from revenue generated by legitimate business activities, but from monies contributed by defrauded investors,? he said.
