Investors Bilked Out Of Billions May Finally Get Back Some Of What Was Lost

HOUSTON (March 16, 2013)--Investors bilked in the $7 billion Ponzi scheme orchestrated by former Central Texas financier R. Allen Stanford could finally begin getting back some of what they lost in the next few months after a process that has dragged on for more than four years.

However, the amounts returned to many who lost their life savings ultimately will be only a fraction of what they put in.

The recovery process got a boost this week as the Justice Department and other parties that had been battling for control of about $300 million in Stanford's frozen foreign bank accounts and other assets agreed to work together.

The legal battle over the assets has frustrated investors, who have not received any money so far.


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