Subject: FW: Law360 article for today
From: "Marc X. LoPresti" <[email-masked]>
To: <[email-masked]>
Cc: "'Eric Schwerin'" <[email-masked]>
Date: Mon, 25 Apr 2011 10:59:03 -0400

See below.  This did not hit any media beyond this website.  It is a totally
ludicrous situation - we have been sitting with the $$ for 2 years.  All I
want is protection from the Antiquan's and proper instruction from the
Court.  The lawyer at Baker Botts is a complete asshole!

Best regards,

Marc X. LoPresti, Esq.
Tagliaferro & LoPresti, LLP

New York Office:
45 Broadway, Suite 2200
New York, New York 10006
(212) 732-4029
(212) 232-2398 (fax)

Los Angeles Office:
12100 Wilshire Boulevard, Suite 480
Los Angeles, California 90025
(310) 312-1860
(310) 477-3481

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From: Bibeka Shrestha [mailto:[email-masked]] 
Sent: Monday, April 25, 2011 10:35 AM
To: Marc X. LoPresti
Subject: Re: Law360 article for today

Sure.

http://www.law360.com/articles/239814/stanford-receiver-seeks-3m-from-fund-t
ied-to-bidens

Stanford Receiver Seeks $3M From Fund Tied To Bidens

By Bibeka Shrestha

Law360, New York (April 18, 2011) -- The receiver for accused Ponzi schemer
Robert Allen Stanford's estate asked a Texas federal court Monday to force a
hedge fund linked to Vice President Joe Biden's family to hand over $3
million held in two Stanford companies' accounts.

Ralph S. Janvey, the Stanford liquidating trustee, claimed that Paradigm
Global Advisors LLC, Paradigm Capital Management LLC and others had refused
to turn over assets held under the names of Stanford International Bank Ltd.
- a defendant in the U.S. Securities and Exchange Commission
<http://www.law360.com/agency/securities-and-exchange-commission> 's suit
over Stanford's alleged $7 billion Ponzi scheme - and Stanford Trust Co., a
company owned entirely by Stanford.

Stanford faces both criminal and civil charges for allegedly operating a
massive Ponzi scheme that involved the sale of fraudulent CDs. Paradigm,
which is undergoing liquidation, is owned by a holding company owned by the
Bidens' son, Hunter, and the vice president's brother, James.

"Paradigm holds several million dollars in funds that belong to the victims
of the Stanford fraud, and the funds should have been turned over to the
receiver long ago without conditions, excuses or delays," Kevin Sadler, a
Baker Botts LLP <http://www.law360.com/firm/baker-botts>  attorney
representing Janvey, said Monday.

According to the motion, Paradigm has expressed concerns about relinquishing
the funds because Stanford's liquidators in Antigua may seek to recover the
same assets. The hedge fund also argued it may have its own claims against
Stanford's estate for "fund expenses."

"The fact that Paradigm believes that it has a claim against the estate does
not mean that Paradigm may refuse to transfer receivership assets to the
receiver," the turnover motion said.

Marc X. LoPresti, a Tagliaferro & LoPresti LLP attorney representing
Paradigm, said Monday the hedge fund is merely seeking clarification by the
court on who is entitled to the funds before it acts.

"We're more than willing, ready and able to return these funds," LoPresti
said. "It's unfortunate that we have a turnover motion when we have sought
complete cooperation since literally day one."

According to Janvey, Paradigm has refused to transfer the assets unless the
receiver agrees not to pursue a claim for Maple Leaf Capital LLC, a fund
Paradigm is hoping to redeem its own investment in. But Janvey said he
already had a pending claim against Patrick Cruickshank, Maple Leaf's sole
principal and member, and also obtained an injunction freezing Cruickshank
and Maple Leaf's accounts.

Stephen Cochell, an attorney for Stanford, declined to comment on the motion
Monday.

The SEC suit was launched in February 2009 against Stanford, two associates,
Stanford International Bank, Stanford Group Co. and Stanford Capital
Management LLC, accusing them of defrauding 20,000 investors. The SEC said a
large portion of the investments went directly to Stanford and his family.

Stanford is currently awaiting trial on criminal charges of fraud,
obstruction, conspiracy and money laundering. He pled not guilty to running
the $7 billion Ponzi scheme in June 2009.

Stanford is represented by McGuireWoods LLP
<http://www.law360.com/firm/mcguirewoods> , the Shidlofsky Law Firm PLLC,
Bob Bennett & Associates PC, Cook & Roach LLP and The Cochell Law Firm.

Janvey is represented by Baker Botts LLP.

The suit is SEC v. Stanford International Bank Ltd. et al., case number
3:09-cv-00298, in the U.S. District Court for the Northern District of
Texas.

--Additional reporting by Eric Hornbeck, Evan Weinberger and Abigail
Rubenstein. Editing by John Williams.

On Fri, Apr 22, 2011 at 3:44 PM, Marc X. LoPresti <[email-masked]> wrote:

Can you send me a copy of the story that ran?

Best regards,

Marc X. LoPresti, Esq.
Tagliaferro & LoPresti, LLP

New York Office:
45 Broadway, Suite 2200
New York, New York 10006
(212) 732-4029
(212) 232-2398 (fax)

Los Angeles Office:
12100 Wilshire Boulevard, Suite 480
Los Angeles, California 90025
(310) 312-1860
(310) 477-3481

CONFIDENTIALITY NOTICE:

The information contained in this electronic mail message is private and
confidential and may contain Attorney-Client privileged information. It is
intended only for the use of the individual or entity to whom it is
addressed. The information may be privileged, proprietary and exempt from
disclosure under applicable federal, state or other law. Any recipient of
this electronic mail message other than the intended recipient is hereby
notified not to disclose, distribute or copy this electronic mail message,
or take or refrain from taking any action in response to this message.

From: Bibeka Shrestha [mailto:[email-masked]] 
Sent: Monday, April 18, 2011 5:18 PM

To: [email-masked]
Subject: Re: Law360 article for today

Hi Marc,

Thanks for your help with the story. Here's what I have from you:

Marc X. LoPresti, a Tagliaferro & LoPresti LLP attorney representing
Paradigm, said Monday the hedge fund is merely seeking clarification by the
court on who is entitled to the funds before it acts.

"We're more than willing, ready and able to return these funds," LoPresti
said. "It's unfortunate that we have a turnover motion when we have sought
complete cooperation since literally day one. 

On Mon, Apr 18, 2011 at 3:35 PM, Bibeka Shrestha
<[email-masked]> wrote:

Good afternoon,

I'm a reporter with Law360, a legal newswire. I'm writing an article today
on Ralph Janvey's motion for a turnover order against Paradigm Global
Advisors LLC in SEC v. Stanford International Bank Ltd. et al.

Please get in touch as soon as possible to comment on the motion.

I believe Paradigm is owned through a holding company by Vice President Joe
Biden's son, Hunter, and Joe Biden's brother, James. Could you verify that
on background?

My deadline for the story is 10 p.m. Eastern.

Thanks, 

Bibeka Shrestha
Reporter

Error! Filename not specified.
Legal News & Data

860 Broadway, 6th Floor
New York, New York 10003

Direct: (646)783-7147
[email-masked]
www.law360.com <http://www.law360.com/> 

-- 
Bibeka Shrestha
Reporter

Error! Filename not specified.
Legal News & Data

860 Broadway, 6th Floor
New York, New York 10003

Direct: (646)783-7147
[email-masked]
www.law360.com <http://www.law360.com/> 

-- 
Bibeka Shrestha
Reporter

  <http://www.law360.com/prototype/images/Law360-masthead.png> 
Legal News & Data
www.law360.com <http://www.law360.com/> 

860 Broadway, 6th Floor
New York, New York 10003

Direct: (646)783-7147
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