Source: https://stanfordinternationalvictimsgroup.wordpress.com/2013/04/25/sec-order-against-stanford/
Timestamp: 2019-04-19 20:41:20+00:00

Document:
This Order addresses Plaintiff Security and Exchange Commission’s (“SEC”) motion for partial summary judgment . The Court grants the motion. The Court also denies Defendant R. Allen Stanford’s motion for extension of time .
The Court grants the SEC’s motion for summary judgment. The Court enjoins Stanford from violating the Exchange Act § 10(b), Rule 10b-5, the Securities Act § 17(a), and the Advisers Act § 206(1) and (2), enjoins Davis violating the Exchange Act § 10(b), Rule 10b-5, the Securities Act § 17(a), and enjoins SGC and SIB from violating the Exchange Act § 10(b), Rule 10b-5, the Securities Act § 17(a), the Advisers Act § 206(1) and (2), and the Investment Company Act § 7(d). The Court finds Stanford, Davis, SGC, and SIB jointly and severally liable to disgorge the $5.9 billion fraudulently acquired by Stanford’s scheme. The Court adds $861,189,969.06 of prejudgment interest to this total, for a total disgorgement liability of $6,761,189,969.06. Finally, the Court imposes a civil penalty of $5.9 billion on Stanford and $5 million on Davis.

References: § 10
 § 17
 § 206
 § 10
 § 17
 § 10
 § 17
 § 206
 § 7