05/22/2009 05:12 am ET | Updated May 25, 2011

WATCH: Allen Stanford, Alleged Ponzi Schemer, Talks To CNBC

Allen Stanford, the financier who has been accused of an $8 billion ponzi scheme by the Securities and Exchange Commission.

After remaining mum on the allegations for some time, he is now making the media rounds. He spoke to CNBC, telling them: "I did not run the bank, I'm the chairman."

He also said that his firm, Stanford Financial, had a $400,000 exposure to Bernard Madoff's firm.