Overland Park Law Firm Gets Ponzi Case Potentially Worth Millions

Photo courtesy of Wikimedia Commons
Photo courtesy of Wikimedia Commons

Kuckelman Torline Kirkland & Lewis firm will continue work that’s related to Allen Stanford’s $7 billion Ponzi scheme, a high-profile case that could net as much as $30 million in legal fees. Stanford was sentenced to 110 years in prison in 2012 for orchestrating one of the world’s largest Ponzi schemes, second only to Bernie Madoff.

KTKL, which is based in Overland Park, Kan., will handle litigation against a number of insurance companies in an effort to recover money for the estimated 28,000 people who invested in Stanford’s scheme. So far, those victims have had little to no luck recovering their investments. KTKL will go after insurance policies that had been bought to protect against a variety of losses, including directors and officers insurance and professional indemnity insurance.

Read more from the Kansas City Business Journal


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