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Allen Stanford
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Latest Headlines
Is Allen Stanford fit to stand trial?
Lost in the on-going tragedy of Bernard Madoff and his family was the arrest and jailing of Allen Stanford, the "other" Ponzi schemer who was arrested and charged with running a $7 billion investment fraud in 2009. Judged a flight risk, he has been in prison awaiting trial, which is scheduled for
Were Goldman Sachs charges timed to bury report on Stanford probe?
Goldman Sachs (NYSE: GS ) supporters hold that the SEC's recently settled charges against the firm were politically motivated. Some maintain the agency was desperate to nail a big fish--and Goldman was certainly a big fish. But there have also been more specific charges. Some say the agency was
Former SEC attorney to be charged in Stanford case?
Is the revolving-door about to slam shut on a former SEC attorney? The Inspector General of the SEC, in testimony before Congress, has revealed that a former SEC attorney who investigated Allen Stanford--a high profile case--perhaps improperly sought to represent the indicted financier. CNBC i
Allen Stanford savagely beaten in prison, defense in disarray
Allen Standford ( Standford group news) should thank Bernard Madoff, who continues to get most of the attention when it comes to epic Ponzi schemes ( fraud news). If it weren't for Madoff, Stanford would no doubt be the poster boy. But that doesn't mean Stanford's had it easy. Just the oppos
Allen Stanford's old friend turns on him
Allen Stanford, the accused hedge fund fraud artist, is having a tough time dealing with his new Madoff-like status. Prison has been tough on him. He was hospitalized again on Thursday with an elevated pulse, just hours before his former CFO and old friend entered a guilty plea in the $7 billion f
The rise of asset hunters?
All the financial industry fraud as of late--the Madoffs, the Stanfords and all the others--has led to a boom in the "murky business of asset forfeiture," reports Business Week . "Long a staple of the drug wars--and before that, bootlegger-busting in the Prohibition era--asset forfeiture is sim
CFO turns on Allen Stanford
We noted recently that when it comes to compliance, the CFO plays a critical role. The PCAOB, in fact, has suggested to auditors that they focus their attention on the CFO when it comes to small company audits. Federal investigators wasted no time focusing their efforts on the CFO of the Stanf
Who is Allen Stanford, really?
There's perhaps only one guy that's glad Allen Stanford has emerged as a financial villain of colossal proportions. That would be Bernard Madoff, who likely is happy to have someone take the glare off of him for a while. But who is Allen Stanford?
Business Week takes a close look and notes tha
Big run on Antigua bank; Stanford whereabouts unknown
A day after Texas billionaire Allen Stanford, of the disgraced Stanford Group, was charged with running an $8 billion fraud, the lines have lengthened at Stanford-linked banks in Antigua and Caracas. At the Bank of Antigua, the line stretches for more than 600 people, Reuters reports. Only two
