Civil case
Securities and Exchange Commission v. Stanford International Bank, Ltd., et al.
- Authority
- US District Court for the Northern District of Texas, appeal to the US Court of Appeals for the Fifth Circuit
- Case number
- 3:09-cv-298-N
- Filed or opened
- 17 February 2009
- Organization
- Stanford International Bank Ltd
- Current stage
- Final judgment entered 29 January 2025S9, affirmed by the Fifth Circuit on 1 April 2026S4, certiorari denied 5 October 2026S5.
- Outcome
- Civil judgment final.
Decisions and steps
Claims this case bears on
- Supported94The SEC said on 17 February 2009 that Stanford International Bank ran a multi-billion dollar fraud, selling about $8 billion in certificates of deposit on false promises and fabricated return data.Regulator statement, 17 February 20092 records citedFraud
- Partly supported70FTI Consulting said the court receiver recovered about US$2.7 billion on behalf of more than 18,000 defrauded investors of Stanford International Bank.Official report, 20253 records citedCorporate status
Sources
- S9Tier A SEC v. Robert Allen Stanford, et al., Litigation Release No. 26255US Securities and Exchange Commission. Regulator press release. 24 February 2025.Supports the final judgment entered against Stanford on 29 January 2025 in No. 3:09-cv-298-N and the disgorgement and penalty amounts. It does not cover the appeal.
- S4Tier A Securities and Exchange Commission v. Robert Allen Stanford, No. 25-10387 (per curiam)US Court of Appeals for the Fifth Circuit. Court judgment. 1 April 2026.Supports the affirmance of the civil judgment against Stanford and the use of collateral estoppel from the criminal case. Unpublished.
- S5Tier A Docket for 25-7624, Stanford v. Securities and Exchange CommissionSupreme Court of the United States. Court filing. 5 October 2026.Supports the denial of certiorari in the civil case on 5 October 2026 and the chain of appeal dates. It does not state the question presented.