Lawyers for the court-appointed receiver in the R. Allen Stanford Ponzi scheme case have asked a federal judge to order Trustmark National Bank to fork over the $100 million it agreed to pay earlier this year in its settlement with victims of the fraud.
Trustmark, according to documents, has declined to pay the receiver the $100 million because Stanford, who is in federal prison serving a 110-year sentence, has objected to the settlement agreement claiming that his conviction was unconstitutional and that the receivership should be dissolved on subject matter jurisdictional issues.