re: How will BR/LSU/TAF handle the Stanford crisis?

I know someone personally that had several million in Stanford CDs for their retirement, and they met with an SEC (not the athletic conference) lawyer today, and it wasn't very good news.

The company I work for uses a money market sweep account as their primary checking, and we couldn't get an ACH out earlier this week, and we haven't had a check clear in the last 2 days. They told us the money market accounts were not frozen, but it sure looks like they are.

BR might take a hit if the money is missing, but I thought they were being brought up on charges because they misled investors, basically false advertising. I didn't think the money was missing.