• English   Deutsch   
  •  GMT      
  • LONDON      
  • FRANKFURT      
  • NEW YORK      
  • SAO PAULO      
  • TOKYO      
  • SYDNEY      
Hedge Fund Database
Morgan Hedge Fund Database



  Hedge Fund Search
Name, ISIN, Ticker:

Hedge Funds Search Detailed Search
  Hedge Fund Directories
Listed Hedge Funds:9,895
HF Professionals:16,361
Service Provider:506
Receiver targets ex-Stanford employees
  Hedgeweb - MON, OCT 19 2009
News 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.

© Morgan Hedge™ · HEDGEweb™
Morgan Hedge and HEDGEweb are Trademarks of morganhedge.com, TAA LLC and VIImedia S.A.