DALLAS — The receiver appointed to take over the companies owned by Texas billionaire R. Allen Stanford has requested nearly $20 million in attorney fees.
In a motion filed in federal court in Dallas on Friday, attorney Ralph Janvey seeks a judge’s approval for just under $20 million to pay for fees and expenses related to work done in the Stanford case. The money would be paid from funds formally controlled by Stanford’s companies.
Janvey, appointed by the court in February, heads a team of lawyers and financial experts from 14 firms trying to track down money from what the government has alleged is an $8 billion fraud. Janvey said the fees come at a 20 percent discount, worth about $5 million, “for the benefit of Stanford investors and other claimants.” The Associated Press
