bloomberg.com - 2/18/2009
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Feb. 18 (Bloomberg) -- As R. Allen Stanford assured clients last week that U.S. investigators were conducting “routine examinations” of his Texas investment advisory firm, a lawyer for his company’s Antigua affiliate was backing out. The 58-year-old billionaire, now accused of running a ...
U.S. Accuses Texas Financial Firm of ‘Massive’ Fraud
hf-implode.com 2/17/2009 — Another rock turned over, another cockroach found:
Stopping what it called a “massive ongoing fraud,” the Securities and Exchange Commission on Tuesday accused Robert Allen Stanford, the chief of the Stanford Financial Group, of fraud in the sale of about $8 billion of high-yielding ...
Ponzi: SEC Charges Stanford with $8 billion securities fraud
calculatedriskblog.com 2/17/2009 — From the SEC: SEC Charges R. Allen Stanford, Stanford International Bank for Multi-Billion Dollar Investment Scheme Stanford's companies include Antiguan-based Stanford International Bank (SIB), Houston-based broker-dealer and investment adviser ...
Sir Allen Stanford Fraud Case SEC Charges
richard-wilson.blogspot.com 2/18/2009 — Sir Allen StanfordSir Allen Stanford Fraud Case | SEC Below is a short video on Sir Allen Stanford who was just accused of fraud by the SEC. Below the video please see additional resource on this unfolding case. If you are viewing this article via our daily hedge fund newsletter please click ...
FBI locates Stanford in Virginia —
FT Alphaville
FBI agents located Sir Allen Stanford, whose whereabouts had been unknown since being charged this week by the SEC over an alleged $8bn fraud, in Virginia on Thursday and served the Texan billionaire with court orders relating to the SEC civil filing against his investment firm, Stanford ...
Stanford Scandal Ignites Bank Runs In Latin America —
Daily Markets
The fraud scandal surrounding Allen Stanford and his consortium of investment firms grew to shocking proportions today (Thursday) as it spread its tentacles from the United States and the Caribbean to Latin America and Europe.
The sordid web of allegations against Stanford grew from outright ...
Panicky Depositors Seek Money From Stanford —
DealBook
Hundreds of people rushed Wednesday to withdraw money from banks in Antigua and Venezuela linked to the Texas financier Robert Allen Stanford, as the fallout from the American fraud charges against him rippled across the world.
Mr. Stanford, 58, remained out of sight a day after the Securities ...
Stanford news jolts England, Windies —
The Japan Times: All Stories
LONDON (AP) English and West Indies cricket officials suspended negotiations with Twenty20 backer Allen Stanford on Tuesday after the Texas billionaire was charged by U.S. regulators over an alleged multibillion dollar fraud.
The Securities and Exchange Commission filed a complaint Tuesday in ...
Has the SEC Lost the Scent on Allen Stanford? —
gary-weiss.com
Have you seen this man? Yesterday the SEC pulled out all the stops to announced a three-year-delayed securities bust, involving Allen Stanford, whose $8 billion financial empire is allegedly infested with fraud. Well, guess what? Apparently Stanford has read all that terrific media, because ...
Stand By Your Man —
Dealbreaker
Darren Rovell would like to know if it is "awkward" that golfer Vijay Singh, who signed a sponsorship deal with Stanford Financial last month, will continue endorse the company, now that it's been accused of perpetrating massive fraud. The answer is no, D. Rov, it's not. Was it "awkward" when ...
Stanford Takes Page from Ponzi Playbook —
Minyanville
It turns about Bernie Madoff wasn’t the only one cooking the books: Texas banking icon R. Allen Stanford is the latest to be charged with a massive multi-billion dollar fraud. In a story conveniently drowned out by President Obama’s signing of the $789 billion economic stimulus ...
Pink picks —
FT Alphaville
Comment, analysis and other offerings from Wednesday's FT:
Stanford Bonanza
John Gapper's blog: Two lessons of the Stanford affair
So Sir Allen Stanford has been accused by the SEC of a "massive fraud" involving his Antigua-based bank, which took in $8.5bn on depositors' money and claimed to ...
US charges Stanford with ‘massive’ fraud —
FT Alphaville
Sir Allen Stanford, the billionaire Texan and cricket bankroller, was charged by US securities regulators on Tuesday over a “massive” investment fraud through his Antigua-based offshore bank. The SEC alleged that Stanford International Bank, based in St John’s, Antigua, and one of several ...
Update: R. Allen Sanford Charged In $8 Billion Fraud Case —
Daily Markets
Here is an update to the R. Allen Sanford case I blogged about earlier this morning, it appears that charges were being filed as was blogging about the investigation….
From the WSJ:
The Securities and Exchange Commission charged R. Allen Stanford with an $8 billion fraud centered ...
[The Stanford Series] Where in the world is Sir Allen? —
FT Alphaville
This just out from Reuters, emphasis ours:
Texas billionaire Allen Stanford and two of his aides failed to answer subpoenas to testify about what investigators are calling a "massive" fraud, and the government said late on Tuesday that it could not comment on Stanford's whereabouts.
The ...
The SEC Triumphs on Stanford Financial! Not. —
gary-weiss.com
The SEC today is wearing out its shoulder blades today, slapping itself on the back for rolling up an alleged $8 billion fraud at Stanford Financial. Only problem is that a whistleblower alleged it was a Ponzi scheme in a lawsuit three years ago . God bless our regulators for being right on ...
Links —
self-evident
Ponzi: SEC Charges Stanford with $8 billion securities fraud . Federal marshals raiding the Houston offices now. Something about CDs yielding 10%. Is this the episode where Ponzi jumps the shark? But seriously. $8 billion. Seriously? Remind me again why the SEC exists. Oh, right, to ...
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