BUSINESS BRIEFING / INVESTING
Times Wire Reports
The receiver in charge of recovering assets from R. Allen Stanford’s financial empire said investors could not access their cash or transfer funds out of their accounts “for the foreseeable future.”
Ralph S. Janvey, a Dallas lawyer appointed by a federal judge to oversee the recovery of Stanford assets, also encouraged recipients of political contributions from Stanford to return the money. Many have already done so, attempting to distance themselves from the unfolding scandal.