/EINPresswire.com/ CARACAS, VENEZUELA. May 15, 2010. Citizens of Latin America, victims of the pyramidal fraud perpetrated by the US citizen R. Allen Stanford, represented by the COALICION VICTIMAS DE STANFORD AMERICA LATINA, cry out for justice from 87 US Legislators to recover their savings that were stolen by a U.S. citizen in complicity with a group US Congressmen, before the inexplicable incompetence of the US regulatory agencies and the compromising silence of the US Department of Justice (DOJ).

Jaime R. Escalona, Leader of the Coalition, confirmed that the following US Legislators received this request for justice:

31 Senators

John Kerry, Richard G. Lugar, Christopher Dodd, David Vitter, Mary Landrieu, John Cornyn, Richard Shelby, Kay Bailey Hutchison, Johnny Isakson, Thad Cochran, Roger Wicker, Jeanne Shaheen, Bob Corker, Bill Nelson, Mark Pryor, Blanche Lincoln, Richard Burr, Robert Casey, Christopher Bond, Arleen Specter, Evan Bayh, Lamar Alexander, Jeff Sessions, Jon Kyl, Robert Menéndez, Charles Schumer, Garrett S. Richter, Kirsten Gillibrand, Christopher Bond, George LeMieux, Joseph Lieberman and Maria Cantwell.

56 Representatives

Bill Cassidy, Travis Childers, Lynn Woolsey, Charles Boustany Jr., Steve Scalice, Rodney Alexander, John Fleming, Kenny Marchant, Charlie Melancon, Allyson Schwartz, Gregg Harper, Gene Taylor, Bennie Thompson, Dennis Kucinich, Ciro Rodriguez, Ileana Ros-Lehtiner, Pete Sessions, Anh Cao, Ron Klein, Roy Blunt, Tim Murphy, Lamar Smith, John Boozman, Alcee Hastings, Jo Bonner, Pete Olson, Mike Coffman, John Duncan, Sue Myrick, William Delahunt, Tom Cole, John Hall, Blaine Luetkemeyer, Phil Gingrey, Lincoln Diaz Balart, Mario Diaz Balart, Tom Rooney, Elijah Cummings, Mike Rogers, Joe Wilson, Harold Rogers, Rush Holt, Brad Miller, Kay Granger, Michael McCaul, Gabrielle Gifford, Steve Cohen, Ron Paul, Al Green, Patrick McHenry, Marsha Blackburn, Ron Klein, Chet Edwards, Melvin L. Watt, Silvestre Reyes and Tom Grady.

“It is very important to us that these 31 Senators and 56 Representatives of the US Congress have in their hands a document that explains the extreme situation of need and hardship that thousands of innocent Latin American families are suffering because they believed in the moral ethics of the United States and the efficiency of its institutions. Today because of this pyramidal fraud perpetrated in the United States by a US citizen, these victims find themselves in misery”, said Escalona.

“We know that the political support of these 87 honorable Legislators has been very valuable to the US victims, enabling the prompt recovery of their money. The Latin American victims demand equal treatment”, added Escalona.

This document received by 87 Legislators of the US Congress, concludes with the following considerations:

The US Government was a necessary accomplice in the perpetration of this pyramidal fraud. Due to inefficiencies and/or negligence of its regulatory agencies, all the complaints received were permanently ignored, including the complaints from Stanford’s own employees, warning of this Ponzi scheme that has ruined the lives of thousands of families around the world.

According to the Report of Investigation of the Office of the Inspector General of the United States Securities and Exchange Commission – Case No. OIG-526, dated March 31, 2010, the SEC’s office in Fort Worth knew since 1997 that R. Allen Stanford was presumably operating a pyramidal fraud. However, because of its ineptitude, negligence, complicity and discriminatory treatment towards 84% of the victims because they were not US citizens, the SEC always refused to investigate him, without concern for the devastating consequences.

R. Allen Stanford maintained his fraudulent business thanks to the diligent participation of a significant group of unscrupulous US Congressmen who succeeded in blocking the enactment of financial laws that could have uncovered Stanford’s frauds.

The US Government, through the Department of Justice (DOJ) and the DEA, irresponsibly did not act against R. Allen Stanford and his businesses, even though there was justified suspicion for more than a decade about his criminal actions. Instead, for their own benefit he was converted into a confidential informant without any concern for the investors’ economic future.

Escalona concluded saying “The US Government must accept its role and assume its enormous responsibilities before the Latin American victims with the immediate restitution of their patrimony that was so cruelly stolen from them”.

Jaime R. Escalona
Leader Coalicion Victimas de Stanford
America Latina
E-mail: [email protected];
[email protected]
Telephone: (512) 377 9255