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SOUTHEAST TEXAS RECORD

Friday, April 4, 2025

Willis Group

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  • Law firms settle Stanford Ponzi cases, land $240M in recoveries

    By David Yates |
    DALLAS – On Sept. 7 three law firms, Strasburger & Price, Castillo Snyder and Neligan Foley, announced settlements worth $240 million in recoveries for the more than 18,000 victims of a massive Ponzi scheme, orchestrated from Houston by jailed financier Allen Stanford, who is currently serving a 110-year sentence in federal prison in Florida.