While many Lafayette area Stanford victims have yet to seek legal action to recover their losses, Acadiana Business has confirmed that at least a dozen have turned to Baton Rouge attorney Ed Gonzales to represent them.
“It should be obvious to all concerned that the investors as a whole were defrauded,” says Gonzales, declining to elaborate on the type of investigation he is conducting on his clients’ behalf. “I have been retained by a group of Louisiana and Texas investors to help them evaluate the accumulated evidence of fraud concerning Stanford International Bank, and to assist in the recovery of their losses,” he adds. “It is my clients’ intention that this effort benefit all of the people who have been affected by this scheme.”
Sources familiar with the group seeking legal advice from Gonzales, a former federal prosecutor in the Middle District of Louisiana for more than a decade, say potential individual losses to local investors may be as high as $28 million. The former prosecutor would not confirm that figure and could not yet give a clear indication of when the suit would be filed.
Read more about the Louisiana attorney general's criminal inquiry into the Stanford debacle and the local impact of the alleged scam in this month's Turk File in Acadiana Business, a sister publication of The Independent Weekly.
After exhausting his appeals all the way to the state Supreme Court, the owner of the Tiger Truck Stop in Grosse Tete has no legal remedy left save one: do an end run around the high court via a bill that would grandfather his “right” to keep a 550-pound tiger enclosed in a pin at his roadside business.
Louisiana poet Darrell Bourque has won the 2014 Louisiana Writer Award, given annually to recognize outstanding contributions to Louisiana's literary and intellectual life.
Drivers would have to secure dogs riding in truck beds while on interstate highways, if the Senate agrees to a bill backed by the House.
The easy one-piece way to style
Comfy feet for long days
Here's your daily look at late-breaking national and international news, upcoming events and the stories that will be talked about Wednesday, April 23, 2014:
Newsy bits for the whole fam
Wednesday's Blogs from the Bog!
Don't forget: our annual Festival International contest begins Thursday! Win. Cool. Stuff.
An effort to prohibit employers from discriminating based on sexual orientation or gender identity was shelved Tuesday for the legislative session.
Louisiana won't lessen its penalties for marijuana possession, keeping laws on the books that allow people to be jailed up to 20 years for repeat offenses of having the drug in hand.
State bar foundation bestows honor on founder and managing partner of NeunerPate
This Wednesday, April 23, marks the first full day of INNOV8 Lafayette.
National awards recognize outstanding achievement in leadership development and leadership programs
A federal court magistrate has issued a seven-page schedule of hearings, conferences and deadlines leading up to January’s trial aimed at determining how much money BP will owe in Clean Water Act fines as a result of its 2010 Gulf of Mexico oil spill.
“This is one of the oldest divides that exists, and that divide is about the haves and the have-nots.”
Acadiana's nightlife guide.
The state’s “greedy trial lawyers” haven’t scared this oil giant away.
Local boutique celebrates all things green
It took a few weeks for the pitfalls to emerge in the governor’s $25 billion budget, but the time of judgment has finally arrived.
With pressure continuing to build for him to resign, Congressman Vance McAllister announced plans recently to remain secluded during the Easter break, but the Swartz Republican has said he’ll be back on the Hill casting votes and attending committee meetings when the congressional recess ends April 28.
A bid to limit the use of unmanned aircraft on private property in Louisiana stalled Monday in the Louisiana Senate.
A Shreveport lawmaker said Monday he's scrapping his proposal to name the Bible as Louisiana's official state book.
Tender meat and crispy bread create a white-linen-worthy sandwich
Attorney hopes fellow lawyers will join him in urging the D.A. to step aside and allow a competent, ethical challenger to take over the scandal-ridden office.
INNOV8 Lafayette launches its weeklong festival dedicated to cultivating innovation, creativity and entrepreneurship.
Smaller Microsoft Store installations sell a wide array of Microsoft products (Windows phones, Surface tablets and Xbox consoles) but don’t include everything.
Dirk Powell and Cedric Watson will perform together during an intimate gig at Parish Ink, 310 Jefferson St., from 9-11:30 p.m. Wednesday.
See cutting-edge technologies Thursday in brief presentations/demonstrations from 3rd Dimension Media, C&C Technologies, Cimation and UL Lafayette School of Engineering.
An official with the Louisiana Department of Education was arrested on a range of charges Friday after allegedly breaking into a home and brandishing a knife.