Investors who lost billions in a massive Ponzi scheme orchestrated by convicted former tycoon R. Allen Stanford have won a legal victory as a federal appeals court is letting their class action lawsuits go forward. »
A Texas jury cleared the way Thursday for U.S. authorities to go after $330 million in stolen investor funds sitting in frozen foreign bank accounts controlled by convicted Ponzi schemer R. Allen Stanford. »
Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was convicted Tuesday on all but one of the 14 counts he faced for allegedly bilking investors out of more than $7 billion in massive Ponzi scheme he operated for 20 years. »
Computer hard drives belonging to the outside auditor of Texas tycoon R. Allen Stanford's Caribbean bank apparently were erased after the auditor's death, a prosecutor said Friday during the financier's fraud trial. »
Attorneys for jailed Texas tycoon R. Allen Stanford suggested to jurors Tuesday that letters, emails and other documents show it was not the financier but his top money man who was actually behind an alleged Ponzi scheme that took billions from investors. »
James M. Davis, the former chief financial officer for Stanford's companies, testified the financier's bank never reported having an unprofitable year because he and R. Allen Stanford worked together to fabricate figures for annual reports and other do... »
More than 2 1/2 years after being indicted for allegedly bilking investors out of $7 billion in a massive Ponzi scheme, jailed Texas financier R. Allen Stanford is set to go to trial. »
A federal indictment alleges that starting in December 2009, Alarcon Allen Wiggins and his group enticed women to come to El Paso and forced them into prostitution. »
