Stanford Receiver Wants Political Contributions Returned

FORT WORTH, Texas (AP) _ The court-appointed receiver for R. Allen Stanford’s financial group has asked national political committees to return campaign contributions from the disgraced Texas billionaire.

Letters were sent yesterday to the Republican National Committee, National Republican Senatorial Committee, National Republican Congressional Committee, Democratic Congressional Campaign Committee and Democratic Senatorial Campaign Committee.

Receiver Ralph S. Janvey said that by returning the money they would help “reduce the losses suffered by victims of the alleged fraud.”

The letters included a list of dozens of senators and representatives and the individual contributions, ranging from $250 to $45,900. The committee contributions ranged from $133,345 to $965,000.

The SEC has accused Stanford in a civil lawsuit of a “massive” fraud. He’s been served with legal papers by the FBI but has not been charged with any crime.

The SEC said he peddled sham promises and funneled investors’ money into real estate and other assets not easily turned into cash.

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