More legal action in Stanford case

March 4, 2009 9:08:28 PM PST
Another lawsuit has been filed in the Stanford fraud investigation, and workers who were supposed to get paid Wednesday are still looking for answers. [SIGN UP: Get headlines and breaking news sent to you]

Twenty-three people and organizations who had assets frozen due to the Stanford Financial scandal filed a lawsuit Wednesday in a Houston federal court. The lawsuits accuses Stanford financial, the court appointed receiver for Stanford, the SEC and U.S. Marshals of violating investors' constitutional rights when they seized assets held by Stanford last month.

The investors say they did not receive any notice the government planned to seize their assets. Meantime, Stanford Financial employees wonder when they will get their next paycheck.

"I heard we were supposed to get paid today. That's the last thing I heard," said former Stanford employee Alonzo Howard. "It's just a lot of people going through a lot of hardships and they need their money and I think they need to get paid."

Robert Allen Stanford stands accused of swindling investors out of eight billion dollars.

On Tuesday, a federal judge ruled that thousands of Stanford investor accounts will remain frozen for another 10 days.

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