tag:blogger.com,1999:blog-3011727801882113130.post5536751634328522771..comments2023-07-02T09:28:04.887-04:00Comments on Alex Dalmady's Blog: Who needs a lawyer?Unknownnoreply@blogger.comBlogger9125tag:blogger.com,1999:blog-3011727801882113130.post-4755013926085314192010-01-01T04:28:05.931-05:002010-01-01T04:28:05.931-05:00Stanford's ballon has been blasted but its gas...Stanford's ballon has been blasted but its gas is still there. It will continue to affect people's life.Personal Injury Houstonhttp://www.joelagordon.comnoreply@blogger.comtag:blogger.com,1999:blog-3011727801882113130.post-22094658124980228572009-03-11T15:28:00.000-04:002009-03-11T15:28:00.000-04:00We succesfuly transferred the assets from a Stanfo...We succesfuly transferred the assets from a Stanford Financial account (no CD's,less than 250 K) today at Pershing.Miguelhttp://www.blogger.com/profile/09531734875286475335noreply@blogger.comtag:blogger.com,1999:blog-3011727801882113130.post-44440177438414386302009-03-11T18:29:00.000-04:002009-03-11T18:29:00.000-04:00How is it "not fair" for Janvey to keep the accoun...How is it "not fair" for Janvey to keep the accounts with CD interest or principal? The money in those accounts is the money the newer investors put in. Is it fair for some investors to keep the interest and full principle and the newer investors to be left high and dry? I believe that's called a Ponzi scheme and if Janvey doesn't use conveyance to build the receivership up to the biggest it can be and then split it up among all the investors, he is just continuing the scheme. I think he should go after every dime he can legally get his hands on. No one investor should end up with more than they put in at the sake of others only getting back pennies on the dollar.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3011727801882113130.post-22068900653169217002009-03-11T19:10:00.000-04:002009-03-11T19:10:00.000-04:00I'm sure that ex-CD holders at Stanford Financial ...I'm sure that ex-CD holders at Stanford Financial will feel that it is "not fair" that they are singled out for "conveyance" claims, while other previous CD holders and beneficiaries from around the globe are not.<br>That is what I meant, I really don't expect conveyance claims to go out to Venezuela, Mexico or even the US with any possibility of success.<br><br>Those holding Antigua paper do get the rawest deal of all. Unfortunately.Alex Dalmadynoreply@blogger.comtag:blogger.com,1999:blog-3011727801882113130.post-56186844127988451892009-03-11T19:26:00.000-04:002009-03-11T19:26:00.000-04:00To other commenter.I was reading your comment and...To other commenter.<br>I was reading your comment and unfortunately I seem to have deleted it instead of publishing it. I'm sorry.<br><br>You mention Mr. Stanford's personal wealth ($2.2 billion according to Forbes) and the possibility of claiming those assets.<br><br>About Mr. Stanford's wealth. That is a Forbes "estimate" and like most of the things surrounding Mr. Stanford is an "exaggeration" in the best case and an outright lie in the most likely scenario. How does Forbes estimate these things? Well, they ask the "billionaire", look at some financial statements (if available) and guestimate.<br>Sometimes they will consult analysts (I have been consulted in the past). It's not easy.<br><br>But Mr. Stanford's wealth estimate is based on the value of his businesess (which are worthless...and financial statements which are false) and his personal assets.<br><br>I think at this point we can reasonably suggest that Mr. Stanford was never independently wealthy and basically all of his "assets" were the result of "diversion" of money from the Antigua bank.<br>He does not have $2,2 hidden away in a bank account (he may have something, though...).<br>He was never a "real" billionaire and possibly never even a millionaire.<br><br>So where is the money? Most of it was spent. On interest for CD holders (since the "investments" didn't provide the return), on buying up assets for Stanford (Stanford Financial, Venezuela, Panama, land etc). On bad businesses (eLandia, Transwitch, movies, Forefront, etc, etc,) on "lifestyle" (jets, trips, parties), on commissions for the advisors...etc...etc...<br><br>$8 billion did not disappear overnight...it was never all there and Mr. Stanford was never really a billionaire.Alex Dalmadynoreply@blogger.comtag:blogger.com,1999:blog-3011727801882113130.post-8791301516796018052009-03-12T23:00:00.000-04:002009-03-12T23:00:00.000-04:00Who do you call a Stanford Insider???? A broker w...Who do you call a Stanford Insider???? A broker who cashed in his CD's from say 9/08 - 12/09 and encouraged some of his clients to do the same? Would you consider this person an "insider?"Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3011727801882113130.post-51880618535430974022009-03-13T00:47:00.000-04:002009-03-13T00:47:00.000-04:00More than an "insider", I'd say that broker at lea...More than an "insider", I'd say that broker at least had a grasp on what was going on around him and an acute sense of "smell". I'd say that that broker was looking out for himself and his clients as he should have. At least this person didn't have the blinders on, as many others did. Not what I was considering an "insider".<br><br>To me an "insider" is someone who had "inside" knowledge and knew what the real business was. The top executives would be obvious candidates, but that could be extended to outside people who had knowledge of the scam. <br><br>Who exactly? I have a hard time believing two or three people could pull this off on their own. <br>I particularly have a hard time believing that the Chief Investment Officer wouldn't know where the investments were. And a person with a masters degree in mathematics is normally not a moron.Alex Dalmadynoreply@blogger.comtag:blogger.com,1999:blog-3011727801882113130.post-28083390776307428782009-03-17T13:59:00.000-04:002009-03-17T13:59:00.000-04:00To clarify, if I have a CD with stanford in Antigu...To clarify, if I have a CD with stanford in Antigua I basically have to wait? What were the funds released by Janvey for 20,000 customers?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3011727801882113130.post-909379151136225492009-03-17T15:19:00.000-04:002009-03-17T15:19:00.000-04:00The funds released by Janvey were brokerage accoun...The funds released by Janvey were brokerage accounts. They held stocks, bonds, mutual funds, etc....and the assets were actually there and segregated by client.<br><br>Not Antigua CDs.Alex Dalmadynoreply@blogger.com