Investors in Allen Stanford's $7 billion Ponzi scheme, who have recovered nothing in the four years since it blew up, could finally get some money back under a $300 million multi-national settlement in the case.
For years, investors, attorneys and regulators have been wrangling over Stanford assets frozen in Canada, Switzerland and the United Kingdom. The complex settlement, still subject to court approval in five countries, would clear the way for most of the $300 million to be distributed to investors later this year.