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Stanford Ponzi Scheme

Politicians Won't Return Ponzi Payoffs

Michael Winship | Posted 05.09.2012 | Politics
Michael Winship

Texas financier Robert Allen Stanford was convicted on 13 out of 14 criminal counts of fraud. But what most stories failed to mention was the large amount of his clients' cash that was spent on campaign contributions, greasing the corrupt nexus of money and politics for personal gain.

Obama To Alleged Ponzi Schemer: You're Not Getting This Money Back

Reuters | Posted 04.15.2012 | Business

(Adds dropped letter in paragraph 10) * Stanford receiver seeks return of campaign donations * Obama campaign donated St...

Ponzi Proprieties

Christopher Brauchli | Posted 08.03.2011 | Business
Christopher Brauchli

"It is with a pious fraud as with a bad action; it begets a calamitous necessity of going on." -- Thomas Paine, The Age of Reason. One of the questi...

AP: Ponzi Busts Nearly Quadrupled In 2009

Posted 05.25.2011 | Business

(AP -- CURT ANDERSON) - It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as f...

Allen Stanford In Chains As He Arrives In Court (VIDEO)

Posted 05.25.2011 | Business

HOUSTON (AP) -- Billionaire R. Allen Stanford arrived at a federal courthouse Thursday wearing handcuffs and leg chains as he faces charges of fraud a...

Allen Stanford, Alleged Fraudster, Accuses SEC Of Gestapo Tactics

New York Times | CLIFFORD KRAUSS | Posted 05.25.2011 | Business

HOUSTON -- As R. Allen Stanford, the Texas billionaire accused of masterminding an $8 billion Ponzi scheme, tells his side of the story, regulators ar...

U.S. Charges Stanford With "Massive Ponzi Scheme"

Reuters | Anna Driver | Posted 05.25.2011 | Business

U.S. securities regulators on Friday accused Texas billionaire Allen Stanford, his college roommate and three of their companies of carrying out a "ma...