By: CNBC.com News
January 23, 2013 at 13:25 PM EST
Court Orders Some Stanford Ponzi Victims to Pay Money Back
A federal judge in Dallas has approved a controversial plan to claw back millions of dollars from some investors in Allen Stanford's $7 billion Ponzi scheme. The investors - some 800 in all - withdrew more money than they put into their Stanford accounts. They argued that their gains were legitimate, but court-appointed receiver Ralph Janvey, who is rounding up assets for all of Stanford's approximately 28,000 victims, argued the profits were fictitious and should be returned.
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