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Stanford Financial says now in receivership

HOUSTON (Reuters) - Stanford Financial Group is now “under the management of a receiver,” according to a sign taped to the window of the firm’s Houston headquarters on Tuesday, a Reuters eyewitness said.

“We are temporarily closed. The company is still in operation but under the management of a receiver,” the sign said, the eyewitness said.

Reporting by Anna Driver, editing by Maureen Bavdek

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