Former Stanford Group executive and Allen Stanford lover Andrea Stoelker (left) fined over US $600,000 for her part in multi-billion dollar fraud. Photo: cbji

According to court documents, Godbey issued his final judgment against Stoelker on Monday (September 24) in which he ordered her to pay more than US$600,000 to the receivers on a complaint filed in 2010 in the U.S. District Court’s Northern District of Texas Dallas Division.

Stoelker reportedly still lives in Antigua but attempts by media to reach her for comment proved unsuccessful.

In June, former Antigua-based Stanford was sentenced to 110 years in prison for his role in a U$7 billion Ponzi scheme. He was found guilty of 13 counts of fraud in March.

According to the complaint, Stoelker, was the former president of Stanford Financial Group Global Management LLC, the former president of Stanford 20/20 (Stanford’s cricket organization), and Stanford’s girlfriend.

According to the 2010 complaint, “revenue from the sale of fraudulent certificates of deposit generated substantially all of the income for the Stanford defendants and the many related Stanford entities,” and Janvey identified more than US$560,000 in transfers of CD proceeds from Stanford parties to Stoelker.

“Each payment of CD proceeds from the Stanford parties to Stoelker was made with actual intent to hinder, delay, and defraud the Stanford parties’ creditors,” Janvey asserted in the complaint.

In the September 24 judgment, Godbey ordered Stoelker to pay US$568,206 in voidable fraudulent transfers she received, US$35,748 in attorneys’ fees and US$406 in costs and expenses, as well as prejudgment interest at the rate of 6 percent per year, as calculated from the date of each respective transfer to Stoelker.