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Article: 'Stanford refugees' finally get money back: local financial advisers innocent in meltdown, Andrew Meadors says.
- Article from:
- Arkansas Business
- Article date:
- March 30, 2009
- Author:
CopyrightCOPYRIGHT 2009 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LATE LAST MONDAY AFTERNOON, Andrew and Susan Meadors of Little Rock finally got back all the money they had entrusted to the Stanford Financial Group. But Andrew Meadors would argue that they haven't been made whole.
The Meadorses are what Andrew calls "Stanford refugees," clients whose financial lives were displaced by the civil case that the Securities & Exchange Commission filed against Stanford on Feb. 17. The day before the complaint was filed, a receiver appointed by a federal judge in Texas froze assets associated with Stanford--including those that were clearly the assets of clients rather than the company. The Meadorses first had to fight for what was ...