Financier Stanford owes at least $226 million, IRS says

American financier Robert Allen Stanford and his wife, Susan, owe back taxes, penalties and interest of at least $226.5 million, the IRS said in court documents filed in Dallas, Texas. The final total could be even higher because the Stanfords have not filed their income tax return for 2007.

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Cricket banker charged in ‘global fraud’

The U.S. Securities and Exchange Commission has charged businessman Robert Allen Stanford with orchestrating an $8 billion fraudulent investment program. Stanford is the tycoon who bankrolled the Twenty20 Super Series cricket competition in the West Indies last year

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