{"id":1597,"date":"2015-02-16T18:01:09","date_gmt":"2015-02-16T18:01:09","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2015\/02\/jury_says_exenvoy_involved_in_1"},"modified":"2022-03-18T15:32:00","modified_gmt":"2022-03-18T20:32:00","slug":"jury-says-exenvoy-involved-in-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/jury-says-exenvoy-involved-in-1\/","title":{"rendered":"Jury Says Ex-Envoy Involved in Stanford Ponzi Scam Must Pay $750K"},"content":{"rendered":"

A federal jury has decided that ex-U.S. Ambassador to Ecuador Peter Romero would not be allowed to keep over $758K in expenses, fees, and interest he earned while lending his legal counsel and credibility to Allen Stanford. Instead, he will pay that sum to the court appointed receiver.<\/p>\n

Stanford was convicted in 2012 of fraud and money laundering, perpetuating a global multibillion-dollar scam in the process. His Houston-based empire was shut down in 2009 when the U.S. Securities and Exchange Commission accused him of running his $7 billion Stanford Ponzi scam that bilked thousands of investors. The scheme involved the sale of CDs from his bank in Antigua.<\/p>\n

Receiver Paul Janvey contends that Romero and certain other consultants did not ask the most basic questions about Stanford’s bogus banking empire. Romero was invited to serve on Stanford’s International Advisory Board after sitting next to him at an inaugural ball for President George W. Bush in 2001.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

A federal jury has decided that ex-U.S. Ambassador to Ecuador Peter Romero would not be allowed to keep over $758K in expenses, fees, and interest he earned while lending his legal counsel and credibility to Allen Stanford. Instead, he will pay that sum to the court appointed receiver. Stanford was convicted in 2012 of fraud […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3792,3750],"tags":[],"class_list":["post-1597","post","type-post","status-publish","format-standard","hentry","category-ponzi-scams","category-texas-securities-fraud"],"yoast_head":"\nJury Says Ex-Envoy Involved in Stanford Ponzi Scam Must Pay $750K — Investor Lawyers Blog — February 16, 2015<\/title>\n<meta name=\"description\" content=\"A federal jury has decided that ex-U.S. Ambassador to Ecuador Peter Romero would not be allowed to keep over $758K in expenses, fees, and interest he — February 16, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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