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Janvey Hits Ex-Stanford Workers With Suit

Janvey Hits Ex-Stanford WorkersCourt-appointed receiver Ralph Janvey now wants former Stanford employees who invested in CDs to repay the proceeds. In his suit, brought against Ronald Wieselbert et al, Janvey has produced a list of 77 former workers whom he alleges received over US$27 million.

The list includes what each employee allegedly received.

The return on the CDs ranged from US$52,000 to over US$3 M, according to Janvey. This, he is claiming, was unjustly derived from the 20,000 CD holders who were alleged duped into buying into a Ponzi scheme.

While the document did not include where the employees were based, Caribarena.com has learned that at least one former employee in Antigua has received a letter demanding the return of funds accrued.


Janvey alleges that "the former employee investors have been unjustly enriched by their receipt of CD Proceeds".



Click here to see the full suit with the former worker's list

The letter to the former employees is reprinted below:

 

 

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9 Comments In This Article   

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#9 Reality » 2010-08-06 08:35

I agree with Queen. The Americans should ** out and let the Columbians, Venesualians and Mexicans (who make up the VAST MAJORITY of investors) simply come to Antigua and turn the place inside out looking for their money.

Why is it America's responsibility to clean up Antigua's mess?
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Reality

JOKE..!!

#8 QUEEN » 2010-08-06 01:27

Americans are so full of it..!!...why dont they go looking for the 8 BILLION that got lost in IRAQ..!!..This guy needs a lxxxxxxy.
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QUEEN

#7 Fed Up » 2010-08-04 08:26

I see three local people on the list, two of them are former Caribbean Star pilots.
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Fed Up

Read first, then write

#6 reality » 2010-08-04 08:13

Buzzbomb, exactly how many "consultants, sports figures, local land-owners, legal representatives , real estate agents & building contractors" were able to redeem their worthless SIB(Antigua) CD's before the run? Janvy says nothing about salaries, payments, sports winnings etc. All he is doing is applying the same criteria (fradulent conveyance) which has been successfuly applied in other financial scandals including Enron and Madoff.
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reality

Threats and Intimidation

#5 Buzzbomb » 2010-08-04 07:31

This is nothing more than intimidation in an effort to extort information for Stanford's upcomming prosecution.
If Janvey's case has merit, then there are many diversified Antiguan employees, consultants, sports figures, local land-owners, legal representatives , real estate agents & building contractors who have benefitted from Stanford's investments over the years. Were they all in on Janvey's alleged malice too?.....I think not.
Not only that, it's highly improbable.
As far as I am concerned, Janvey's threats should mean nuttin' tall to citizens of our sovereign nation, regardless of what he may try to imply.
Knock yourself out Janvey; you're the only one still getting a paycheque out of this.
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Buzzbomb

#4 hmmmm » 2010-08-04 05:50

Just three questions. How much money has janvey paid himself, has he paid any of the investors and finally what has become of the FSRC's report. I dont see the media going after this report.
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hmmmm

#3 Eeeeh » 2010-08-04 05:50

So i guess the US open and CNN and Bloomberg and CNBC, vijay sing and every other operation he sponsored is fair game. WOW. this could go for another 20 years.
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Eeeeh

#2 Want the Truth » 2010-08-04 00:29

I want to know who the 4,000 Antiguan's who had money invested in Stanford CDs are, it would make interesting reading considering no Antiguan's were supposed to have invested money in Stanford.

I would also like to see the Repoot into the FSRC that the government is suppressing, it will all come out in time and I have a feeling there are going to be some pretty high profile Names caught up in all of this. The government here might be able to suppress the names but when Janvey releases them they are toast.
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Want the Truth

Curious

#1 Blacks » 2010-08-03 23:15

WOW....If all his investments were bogus and illegal then I am wondering if he is going to go after all the 20-20 prize monies that were paid out the players and also any Spots club that his company may have sponsored.
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Blacks

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