Texas billionaire Allen Stanford was taken into custody Thursday night on a fraud-related charge in Stafford, Virginia, the FBI said.
The Internal Revenue System is bracing for a deluge of amended tax returns from tens of thousands of victims caught up in the recent wave of multi-billion dollar Ponzis and other frauds, most notably the sensational swindle perpetrated by Bernie Madoff, and R.
A financial analyst who studied public documents about Stanford International Bank for a friend who was considering investing in it said Thursday that it took only a cursory look to determine something was wrong. “It was kind of shocking, but then I began to think about who would actually be looking at this and who should be looking at this,” Alex Dalmady told CNN.
Federal authorities raided the office of a University of Florida professor on Wednesday who, along with his wife, is suspected of defrauding NASA. The bank’s founder, Texas businessman R. Allen Stanford, has been accused by U.S
Venezuela’s government on Wednesday froze bank accounts belonging to board members of Stanford Bank Venezuela, the Venezuelan News Agency said. The bank’s founder, Texas businessman R
The England and Wales Cricket Board have confirmed they have terminated all contractual links with Sir Allen Stanford — the Texan billionaire charged with an alleged nine billion dollars fraud by the Securities and Exchange Commission. All negotiations between the ECB and Stanford were immediately suspended when the news broke on Tuesday — and the governing body has now formally announced they will not play any further Stanford Twenty20 matches in Antigua as well as shelving plans for the Quadrangular Twenty20 events, which were due to start at Lord’s in May.
Venezuela’s government seized a local bank owned by Allen Stanford Thursday as politicans and banking regulators in the region attempted to quell panic after the flamboyant Texan financier was charged over an alleged multibillion dollar fraud scheme. Customers in Latin America and the Caribbean have been queuing up or logging onto online banking services to withdraw money from institutions owned by the Stanford Group
English cricket chiefs have broken off negotiations with Allen Stanford after the Texan tycoon was charged by U.S. regulators over an alleged multibillion dollar fraud