Home » Bureaus/Offices Reporting Directly to the Secretary » Office of the Legal Adviser » International Claims and Investment Disputes (L/CID) » CAFTA-DR Investor-State Arbitrations » Cases Filed Against the United States » Guatemalan, Costa Rican and Dominican Claimants (Stanford Ponzi Scheme) v. United States
On December 31, 2012, a number of claimants filed a Notice of Intent to Submit a Claim to Arbitration, alleging that U.S. government regulators failed to protect claimants’ investments by neglecting to stop the Stanford Ponzi scheme in a timely manner. Claimants seek at least $2.2 million in damages for alleged violations of Article 10.3 (national treatment), Article 10.4 (most-favored-nation treatment), and Article 10.5 (minimum standard of treatment).
Notice of Intent (received December 31, 2012)
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