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Stanford Receiver To Pay Out $50M To Ponzi Victims

By Jess Krochtengel ( February 16, 2016, 6:12 PM EST) -- The receiver for the $7 billion R. Allen Stanford Ponzi scheme on Friday sought permission from a Texas federal judge to distribute another $50 million to victims of the massive fraud, paying out 1 percent of each claim after the receiver reached settlements with lawyers and auditors....

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