Stanfordcomplaint

This document is a complaint filed by the Securities and Exchange Commission against Stanford International Bank and others alleging an ongoing fraud. The SEC seeks emergency relief to halt a scheme where Stanford International Bank sold $8 billion in fraudulent certificates of deposit by falsely claiming high, stable annual returns between 15-16% despite 90% of its portfolio being undisclosed. The complaint outlines how the bank, its affiliates, and executives misrepresented the safety, liquidity, and auditing of the investment portfolio to mislead investors and continue the alleged fraudulent scheme.