Greenberg Traurig faces legal review in Stanford scandal

With Allen Stanford accused of a massive fraud, the actions of Miami law firm Greenberg Traurig are coming under review by a receiver representing victims, raising the question: Did Greenberg's legal advice aid Allen Stanford's banking empire? Stanford is charged of running a $7 billion Ponzi scheme that wiped out thousands of investors. The Miami Herald reported Sunday that Greenberg Traurig helped Stanford to create a pipeline between Miami and Antigua that became a cornerstone of his banking empire. That relationship is reportedly been to be reviewed by a court-appointed receiver that is trying to recover money for Stanford's victims. The Miami Herald said Greenberg Traurig advised Stanford on setting up a special trust office in Miami that could move millions of dollars overseas without having to report anything to the government.

Greenberg Traurig faces legal review in Stanford scandal Mon, Oct 5, 2009