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Stanford Receiver's Clawback Bid 'Improper': SEC

By Erin Marie Daly ( October 14, 2009, 6:15 PM EDT) -- The U.S. Securities and Exchange Commission has asked a federal appeals court to continue barring the receiver in charge of the distribution of billionaire Robert Allen Stanford's estate from pursuing funds investors received as part of an alleged $7 billion Ponzi scheme, arguing that it is "inequitable and improper" for him to maintain the claims....

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