R. Allen Stanford investors trying to get back their money from his bank in Antigua may have to wait in line behind the U.S. Internal Revenue Service, which wants at least $226.6 million of any assets remaining. Stanford, a Texas financier, was accused of an alleged $8 billion Ponzi scheme just weeks after Madoff.
The IRS filed its motion on March 13 in the U.S. District Court in Dallas. That court is sorting out claims for the $1 billion in frozen assets that were seized last month. Frozen assets include customer accounts and gold coins and bullion.