Venezuelan Ad Exec Sues Insurance Broker Over Stanford Investments

A Venezuelan investor who put $2.7 million in family savings into certificates of deposit sold by indicted Texas financier R. Allen Stanford has filed a proposed class action suit in Miami federal court, claiming Stanford's insurance broker vouched for his bank's investments. Advertising executive Reinaldo Ranni filed suit Friday against Britain's Willis Group Holdings and its Colorado subsidiary on behalf of a class of Stanford International Bank's Latin American investors.