Stanford victims pack senate hearing

Banking committee holds meeting in Baton Rouge

Tuesday, August 18, 2009 - 5:12pm

Hundreds of victims who lost their money from Stanford Financial Group, listened in on a Senate committee hearing in Baton Rouge.

R. Allen Stanford, is accused of running a 7 billion dollar ponzi scheme, swindling many investors here in Louisiana.

U.S. Senator David Vitter, a member of the senate banking committee, held the meeting to hear from investigators looking at the case.

Officials did not give any details on when investors might get their money back.