Pershing hit with another putative class action over Stanford Ponzi scheme

Pershing has been hit again with a putative class action from victims of Robert Allen Stanford's $7bn Ponzi scheme, claiming the clearing firm facilitated and profited from Stanford's conning of thousands of investors.

By Kat Sieniuc (May 4, 2016, 7:13 PM EDT) -- Pershing LLC was hit in New Jersey federal court Tuesday with another putative class action from victims of convicted fraudster Robert Allen Stanford's $7 billion Ponzi scheme who say the clearing firm facilitated and profited from Stanford's bilking of thousands of investors....

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