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900+ victims, 14 years in court: Plaintiffs in Ponzi scheme lawsuit say time is running out

Por: The Advocate Crime April 19, 2023

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For 14 years, a lawsuit filed by 900 investors who lost money in a global Ponzi scheme based out of Baton Rouge has languished in court. Now an attorney representing hundreds of Louisiana plaintiffs in the class-action lawsuit is asking a state judge to put the case on a fast track.Phillip Preis, a Baton Rouge attorney, said an alarming number of the victims who lost their life savings after to the Stanford Trust Co. are dying off or becoming... + full article



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