BUSINESS
03/22/2009 05:12 am ET Updated May 25, 2011

Vijay Singh: Allen Stanford's Fraud Astonishing

PACIFIC PALISADES, California (Reuters) - Former world number one Vijay Singh expressed astonishment on Wednesday as fallout from U.S. fraud charges against Texas billionaire Allen Stanford rippled across the globe.

Stanford and two other top executives at Stanford Financial Group were accused on Tuesday by the U.S. Securities and Exchange Commission of fraudulently selling $8 billion (5.6 billion pounds) in high-yield certificates of deposit.

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