Legal
SocGen Ordered to Return $150 Million of Allen Stanford Ponzi Cash
Societe Generale SA was reprimanded by a Swiss court and ordered to give up $150 million deposited by convicted fraudster Allen Stanford that it had fought for nearly a decade to keep. The court ruled that Societe Generale failed to do proper due diligence before accepting Stanford’s money. The bank’s…
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Click here to read the full story: Bloomberg