Former Stanford workers who have been agitating for severance and outstanding salaries for the past five years will have to wait a while longer before payment is realized.
One of the Stanford Development Company’s liquidators indicated yesterday they do not have money to pay former workers.
“We can’t make a payment out of an insolvent estate until there is money with which to pay them,” Marcus Wide of Grant Thornton said during an interview.
On Thursday, about 30 former Stanford workers took to the pavement outside the liquidator’s office on the Old Parham road demanding payment of the outstanding amounts owed to them.
The workers, some of whom were employed as ground staff and security guards, say they are owed in the region of $20 million.
They complained that properties owned by the disgraced financier are being sold and nothing is forthcoming to former workers.