This appeared in tallahassee.com, see link
More than 170 people working for the troubled Stanford Financial Group have been laid off in Florida.
According to disclosures filed Monday with the state labor department, the cuts include 95 employees in the Miami office, 46 in Boca Raton, and others in Orlando, Fort Lauderdale, Vero Beach and Longboat Key.
They are among about 1,000 people nationwide who lost their jobs at the investment firm on Friday — about 85 percent of its U.S. workforce. Those staying on the payroll will be involved in the shutdown.
The receivership order says those laid off will receive no severance.
The Securities and Exchange Commission has accused Texas billionaire R. Allen Stanford and his finance chief of conducting a “massive Ponzi scheme” through companies they controlled. They deny the allegations.
