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Investors: Stanford verdict won’t restore $7B loss
Question of the Day
Three other former Stanford executives are scheduled for trial in September. A former Antiguan financial regulator was indicted and awaits extradition to the U.S.
The financier’s trial was delayed after he was declared incompetent in January 2011 due to an anti-anxiety drug addiction he developed in jail. He underwent treatment and was declared fit for trial in December.
A U.S. Securities and Exchange Commission lawsuit that also accuses Stanford and his former executives of fraud is pending.
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