Greenberg Traurig faces legal review in Stanford scandal

October 5, 2009 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.

Read more at www.miamiherald.com.

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