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What is COViSAL?
jaenrodes@gmail.com
http://covisal.blogspot.com
June, 2012
With the purpose of sharing with you information about our Coalition and to invite all the nonUS Stanford victims, ignored from the beginning of this judicial process, to join us in the fight for the recovery of our savings, we would like to inform you of the following: As a result of the civil complaint presented by the Securities and Exchange Commission (SEC), which froze the funds of the certificates of deposit (CDs) issued by Stanford International Bank Limited in Antigua (SIBL) and all the assets related to R. Allen Stanford and his companies, non-US citizens quickly formed the Coalicin Vctimas de Stanford Amrica Latina (COViSAL), directed by its founder and only leader Mr. Jaime R. Escalona. COViSAL was created with the intention to gather the 15,270 victims from Latin America, who represent 70.24% of the total Stanford victims, and the other 3,065 international victims who represent 14.1% of the total. Our objective is to fight for the recovery of the money that was vilely stolen by R. Allen Stanford with the presumed continuous help of high ranking officials and ex officials belonging to legislative and regulatory entities of the U.S. government and the Antiguan government. This complicity is evident in the Report issued by the Financial Industry Regulatory Authority (FINRA) on September 2009, and in the Reports of Investigation elaborated by the Office of the Inspector General of the SEC: No. 516, of June 2009 and No. 526 of March 2010, and in the video of the hearing celebrated on September 22, 2010 with US Senate Banking, Housing and Urban Affairs Committee, and documents filed with US Courts. See the following links:
Report of the 2009 Special Review Committee on FINRAs Examination Program in Light of the Stanford and Madoff Schemes September, 2009: http://www.finra.org/web/groups/corporate/@corp/documents/corporate/p120078.pdf Report of Investigation by the Office of the Inspector General of the SEC. Case No. OIG516: Investigation of Fort Worth Regional Offices Conduct of the Stanford Investigation June 19, 2009: http://www.sec.gov/foia/docs/oig-516-redacted.pdf Report of Investigation from the Office of Inspector General of the SEC. Case No. OIG526: Investigation of the SECs Response to Concerns Regarding Robert Allen Stanfords Alleged Ponzi Scheme March 31, 2010: http://www.sec.gov/news/studies/2010/oig-526.pdf
What is COVISAL?
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June, 2012
COViSAL is an organization in which only account holders of CDs from SIBL participate. We do not accept law firms, representatives, intermediaries or Stanfords former employees. The incorporation of victims to COViSAL is voluntary and free. The indispensable resources to perform this arduous work, in benefit of all the Stanford victims, come from donations of some of its members. The nature of COViSALs work is research, information and dissemination. By no means should it be interpreted as legal advice. The work is performed from home, using the modest work tools available, such as computers, scanner, printer, fax, phones, cellular phones, and internet phone. We have made this equipment available to all victims, without concern for their deterioration due to excessive use. To continue fighting for our rights despite the U.S. advantage and discrimination, we must have our members duly organized. To get organized, we have elaborated a simple Registration Questionnaire that would be sent to your email address per your request. number, and keep you continuously informed through messages and confidential documents sent to your email address.
Once this prerequisite is completed, COVISAL will provide you with an affiliation
Summary of the work that COVISAL performs in benefit of all Stanford victims:
1. Daily research on the Internet about the Stanford case: Search and selection of publications. Printing. Translation to Spanish. Distribution via e-mail.
2. Research and selection of documents: Reading and classification. Printing. Translation to Spanish. Correlation through notes and cards. Archiving duly identified.
2/5 June, 2012
What is COVISAL?
4. Production of letters and documents: Writing and editing of letters and documents in Spanish and English. Revision and edition of final documents in Spanish and English. Delivery to the Receivers, the Examiner, civil and criminal Judges in the USA and Antigua; delivery in the USA: to Legislators, the U.S. Senates Committees and Subcommittees, the U.S. House of Representatives Committees and Subcommittees, the SEC, FINRA, the Securities Investor Protection Corporation (SIPC), and other government agencies involved in the Stanford case; and internationally: to the International Monetary Fund (IMF), the European Commission (EC), the European Council, etc.
5. Writing protests: Production, publication and distribution of protests for actions and arbitrary decisions that are damaging to us.
6. Writing and delivery of emails: To the Receivers, the Examiner, the US Legislators and other authorities involved in the Stanford case. To our friends registered in our Coalition. To our advisors. To the media (press, radio, etc.).
7. Diffusion of our letters and documents: Electronically (Internet). Via fax. Via Courier with Delivery Confirmation. Press Releases.
8. Guidance in how to present your claims before the Authorities of the Stanford case:
In the U.S. Receivership of the Stanford Financial Group (Ralph Janvey, Receiver Dallas, Texas) http://www.stanfordfinancialclaims.com/ In Antigua: FRP Advisory LLP. (Liquidators of SIBL) http://www.sibliquidation.com/ At the SEC, Administrative Claim SF 95 (Deadline was Feb. 16, 2011) http://www.scribd.com/doc/47698518/
What is COVISAL? 3/5 June, 2012
What is COVISAL?
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June, 2012
Jaime R. Escalona Director Coalicin Vctimas de Stanford Amrica Latina (COViSAL) Twitter: @COVISAL http://covisal.blogspot.com jaenrodes@gmail.com
The nature of the work of COViSAL is research, information and dissemination. It should NOT be interpreted as legal advice.
What is COVISAL?
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June, 2012