I am writing you because my parents are two of the victims of Stanford International Bank. My parents are Mexican and my Dad had a US account with Chase-JPC Morgan Bank. Their agent at that bank quit his job and started working for Stanford, and advised them to transfer all their savings and Dad's retirement fund to this bank. They bought CDs and were told that the Bank was insured.

Since February of last year, their savings have been frozen and nobody seems to know what will happen with the money of all the investors. Even though they are Mexican, their funds are in the US. Would you be kind enough to offer your insight on this situation? Should they file a lawsuit? Is there a period of time to claim them? Does the insurance of the Bank cover them as well?