A $95M withdrawal by SocGen (SCGLY.PK) out of Allen Stanford's old firm two months before the...

|By:, SA News Editor

A $95M withdrawal by SocGen (SCGLY.PK) out of Allen Stanford's old firm two months before the SEC swept in is on display at Stanford's criminal trial in Houston. Prosecutors are alleging that a SocGen bank account was used as a slush fund by Stanford - a charge that could add some beef to the efforts of investors to retrieve funds back in a settlement.