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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.

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...

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...

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...

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...

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 ...

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 Pleads Not Guilty To Fraud

Ap | Juan A. Lozano | Posted 05.25.2011 | Business

HOUSTON (AP) -- Texas billionaire R. Allen Stanford pleaded not guilty Thursday to charges he swindled investors out of $7 billion as part of a massiv...

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...