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R Allen Stanford

Obama Campaign Pocketed Ponzi Schemer Cash

The Center for Public Integrity | Posted 01.23.2014 | Politics
The Center for Public Integrity

Obama isn't the only politician who has declined to return Stanford campaign contributions to help make Stanford's defrauded investors whole. A total of 39 candidates and committees have kept their campaign funds despite the pleas by the receiver.

110 YEARS IN PRISON

AP | JUAN A. LOZANO | Posted 08.14.2012 | Business

HOUSTON -- Former jet-setting Texas tycoon R. Allen Stanford had plenty of things to say Thursday before a federal judge sentenced him to 110 years in...

Convicted Ponzi Schemer Blames U.S. For Destroying His Business

Reuters | Posted 06.14.2012 | Business

Allen Stanford, facing sentencing for running a $7 billion Ponzi scheme, on Thursday blamed the U.S. government for ruining his business and said he n...

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.

Why Stanford's Pyramid Scheme Is a Problem for You Too

Jack Ucciferri | Posted 05.07.2012 | Business
Jack Ucciferri

The story here isn't Stanford. The story is the SEC. Why should individual investors trust they are getting due protection when evidence of regulator corruption is all around them?

Victims: Ponzi Schemer's Conviction Is 'Bittersweet'

AP | JUAN A. LOZANO | Posted 05.07.2012 | Business

HOUSTON — A prosecutor asked jurors on Wednesday to allow federal authorities to seize $330 million from nearly 30 accounts controlled by convic...

Houston Financier Convicted Of $7 Billion Investor Fraud

AP | JUAN A. LOZANO | Posted 05.06.2012 | Business

HOUSTON — Texas tycoon R. Allen Stanford spent more than 20 years charming investors, who handed him billions of dollars they had spent their li...

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...

In Ponzi Scheme Trial, Prosecution's Key Witness Portrayed As Liar

AP | JUAN A. LOZANO | Posted 04.08.2012 | Business

HOUSTON — Attorneys for jailed Texas tycoon R. Allen Stanford suggested to jurors Tuesday that letters, emails and other documents show it was n...

Executive Accused Of Fraud: Ponzi Scheme Was Costing Him His Health

AP | JUAN A. LOZANO | Posted 04.07.2012 | Business

HOUSTON — Attempts to cover up a massive Ponzi scheme alleged to have taken billions from depositors at Texas tycoon R. Allen Stanford's Caribbe...

How Ex-SEC Officials Aided A Ponzi-Schemer

Reuters | Posted 03.28.2012 | Business

(Refiles to fix typo in story list) * Former SEC attorneys worked for Ponzi-scheme suspect By Murray Waas ...

Denied Bails

Posted 05.25.2011 | Business

NEW YORK: Allen Stanford, the financier accused of running a $7 billion Ponzi scheme, has been denied bail by a federal appeals court. Monday's...

Accused Ponzi Schemer Stanford Heads To Prison Hospital

Posted 05.25.2011 | Business

Allen Stanford, accused of a $7 billion Ponzi scheme, is on the way to a prison hospital to receive treatment for addiction to anti-anxiety medica...

Alleged Ponzi Schemer Too Drugged for Trial, Lawyer Says

bloomberg.com | Laurel Brubaker Calkkins | Posted 05.25.2011 | Business

Dec. 7 (Bloomberg) -- Jailed financier R. Allen Stanford is too heavily medicated to prepare for or testify at his January trial on charges he led a $...

SEC May Charge Allen Stanford's Brokers

Posted 05.25.2011 | Business

HOUSTON: U.S. regulators have notified some brokers who worked for indicted financier Allen Stanford that they may face civil fraud charges, the Fina...

Allen Stanford's Execs Knew He Was Bilking Investors, Witness Says

AP | JUAN A. LOZANO | Posted 05.25.2011 | Business

HOUSTON — Executives who worked with Texas financier R. Allen Stanford were aware of problems at his now defunct Caribbean bank, including fabri...

SEC: We've Toughened Enforcement Efforts After Madoff Scandal

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — Senators pressed the Securities and Exchange Commission's chief enforcement official Wednesday to explain why the agency has yet to...

Allen Stanford's Daughter Drops Fight To Keep $1.3M Condo

AP | JEFF CARLTON | Posted 05.25.2011 | Business

DALLAS — The daughter of jailed Texas businessman R. Allen Stanford has dropped her fight to stay in a $1.3 million Houston condominium, her att...

Allen Stanford Stripped Of His Knighthood

Houston Chronicle | Posted 05.25.2011 | Business

ST. JOHN'S, Antigua -- Disgraced Texas financier R. Allen Stanford is being stripped of his knighthood in the Caribbean nation of Antigua and Barbuda,...

Former Stanford CFO: Firm Had Blood Oaths, Bribes, Fake Profits

AP | Juan A. Lozano | Posted 05.25.2011 | Business

HOUSTON (AP) -- The former finance chief for jailed Texas financier R. Allen Stanford said his boss created a business empire where blood oaths were t...

Allen Stanford Hospitalized

AP | JUAN A. LOZANO | Posted 05.25.2011 | Business

HOUSTON — The former finance chief for jailed Texas financier R. Allen Stanford said his boss created a business empire where blood oaths were t...

Watchdog: SEC Did Its Duty In Stanford Case

AP | MARCY GORDON | Posted 05.25.2011 | Business

WASHINGTON — The Securities and Exchange Commission had been actively investigating the banking business of billionaire R. Allen Stanford for mo...

Madoff the God of Plunder

Daniel Bruno Sanz | Posted 05.25.2011 | Business
Daniel Bruno Sanz

Viewing Wagner's opera as a non-musician and member of the audience, it speaks to me about the leitmotif of avarice and Bernard Madoff.

Judge Says Stanford May Be Freed On Bond

AP | JUAN A. LOZANO | Posted 05.25.2011 | Business

HOUSTON — A federal magistrate judge set bond at $500,000 Thursday for Texas billionaire R. Allen Stanford but delayed her order until Friday to...

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...