A Texas businessman scheduled to stand trial in January
2012 to face charges he orchestrated a $7 billion Ponzi scheme is not competent to stand trial,
according to his attorney. Disgraced financier R. Allen Stanford, 61, has
remained in federal custody...
The man convicted of running the second-largest Ponzi scheme in history has filed a 299-page appeal in a last ditch effort to reduce or reverse his 110-year sentence. R. Allen Stanford filed his appeal last month with the U.S. Court of Appeals for the...
A federal appeals court affirmed that victims of Allen Stanford's massive $7 billion Ponzi scheme - the second largest scheme in history behind only Bernard Madoff's scheme - are not "customers" of Stanford's American-based bank...
The Receiver tasked with marshaling and distributing
assets to victims of R. Allen Stanford's alleged $7 billion Ponzi scheme has filed
papers asking a U.S. judge to approve a proposed plan to review and pay claims
by victims. In a filing in the...
HOUSTON - (Mealey's) Two days after finding Texas financier R. Allen
Stanford guilty on 13 criminal charges relating to his operation of a massive
Ponzi scheme, a federal jury in Texas on Mar. 8 returned a special verdict
finding that Stanford...
The trial of disgraced financier R. Allen Stanford is set
to begin Jan. 23
as prosecutors claim the once-billionaire swindled investors out of more than
$7 billion in one of the largest Ponzi schemes in history. Delayed by over a
year as questions...
A federal appeals court has ordered The Golf Channel to repay nearly $6 million it received as payment for TV advertisement services from convicted Ponzi schemer Allen Stanford, finding that the advertisement services provided no value to Stanford's...
A national accounting firm and two law firms will pay $45 million in separate settlements over claims that they knowingly participated and assisted in the massive $7 billion Ponzi scheme perpetrated by Allen Stanford. The settlements mark a much-needed...
wants to con his way out of this case the same way he conned investors for more
than 20 years...Don't let him do it."
Assistant U.S. Attorney Gregg Costa
A Houston federal judge ruled
that R. Allen Stanford, accused of masterminding...