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Legal reform group director: Clients get ‘peanuts,’ lawyers make millions in class actions

WASHINGTON – In an unprecedented raid, the U.S. government shut down the Stanford Financial Group’s brokerage firm, trust and banking operations in February 2009 alleging it was operating a Ponzi scheme. But seven years later, families and retirees - many of whom are in Louisiana - are still losing money thanks to attorneys who allegedly took more than their fair share.