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U.S. Accuses Texas' Stanford Financial Group of $8 Billion Fraud
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 certificates of deposit held in the firm's bank in Antigua. Also named in the suit were two other executives and some affiliates of the financial group.
Posted by: Fred 2009-02-18 |
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| http://www.rantburg.com/poparticle.php?ID=262802 |