Stanford receiver sues for return of $1.6 million in financier’s political contributions

By AP
Monday, February 22, 2010

Receiver wants Stanford political donations back

DALLAS — The court-appointed receiver of R. Allen Stanford’s empire is suing Democratic and Republican party organizations for the return of $1.6 million in political contributions made by the jailed financier.

Ralph Janvey filed the lawsuit in federal court in Dallas on Monday.

The largest unreturned contributions were $950,500 to the Democratic Senatorial Campaign Committee and $238,500 to the National Republican Congressional Committee.

The committees either didn’t return messages seeking comment or weren’t accepting voicemail messages.

Janvey was placed in charge of Stanford’s business empire after a Securities and Exchange Commission lawsuit accused Stanford of running a $7 billion Ponzi scheme.

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