Bruce Maffeo Discusses SEC, Ponzi Schemes on South Florida’s ON THE MONEY

Wednesday, December 22, 2010

Bruce Maffeo, a member of Cozen O'Connor's White Collar Crimes and Criminal Defense Practice Group, was a call-in guest with Daryl Longullo from ON THE MONEY! The segment aired earlier today during which Maffeo discussed the recent allegations that the U.S. Securities and Exchange Commission was aware of problems with Stanford Financial Group as far back as 1997, but did nothing. Earlier this year Allen Stanford was arrested for allegedly running a Ponzi scheme. He is scheduled to go on trial in January. In November of this year, the SEC released exhibits to a report filed by SEC Inspector General H. David Kotz in April, including e-mails and memos from various SEC staffers dating back to 1997.

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J. Bruce Maffeo

Senior Counsel

jbmaffeo@cozen.com

(212) 883-4951

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