Golf Channel Cannot Keep $5.9 Million It Received From Fraudulent Ponzi Operator

By Rob Harris, Esq.   In the shadows of the prosecution of Bernie Madoff, Allen Stanford of Stanford International Bank, Ltd, similarly was arrested and charged with operating a large ponzi scheme, defrauding investors with fictional reports of high investment returns.   In the aftermath, the courts appointed a receiver whose job was to track down assets ostensibly belonging to Stanford, which would be available for distribution to creditors. The receiver’s diligence led it to the do