1.0 link 218510 <![CDATA[Allen Stanford Jailed On Fraud Charges]]> http://www.huffingtonpost.com/2009/06/21/allen-stanford-jailed-on-_n_218510.html WASHINGTON &mdash; Brash Texas billionaire R. Allen Stanford has been jailed on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery.

The Justice Department announced Friday charges against Stanford and six others who allegedly helped the tycoon run a $7 billion swindle. At a court hearing in Richmond, Va., a federal judge agreed with prosecutors that Stanford poses a flight risk and ordered him to remain in custody until a future detention hearing...

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