Allen Stanford
Five years in prison for Stanford Ponzi scheme star witness
Jan 22, 2013 13:13 EST
The chief financial officer for a $7 billion Ponzi scheme was sentenced to five years in prison Tuesday after acting as the US government's star witness against Allen Stanford, architect of the massive fraud operation.
Sammy saddened by Stanford downfall
Jun 15, 2012 12:28 EDT
West Indies skipper Darren Sammy admitted on Friday he was saddened by the spectacular downfall of disgraced businessman Allen Stanford who ploughed millions of dollars into Caribbean cricket.
Stanford sentenced to 110 years for $7 bn Ponzi scheme
Jun 14, 2012 22:03 EDT
Financier and cricket mogul Allen Stanford was sentenced to 110 years in jail for a $7 billion Ponzi scheme, closing the book on the flamboyant ex-tycoon's stunning fall from grace.
Ponzi schemer Stanford to forfeit $330 mn
Mar 08, 2012 19:06 EST
Financier and cricket mogul Allen Stanford must forfeit $330 million in assets tracked down by prosecutors investigating his $7 billion Ponzi scheme, a US jury said Thursday.
Prosecutors go after Stanford 'Baby Mama' fund
Mar 08, 2012 00:30 EST
A "Baby Mama Trust" set up by financier Allen Stanford as US regulators closed in on his $7 billion Ponzi scheme is among the $300 million in assets US prosecutors hoped to recover at a forfeiture hearing.
Prosecutors go after Stanford 'Baby Mama' fund
Mar 07, 2012 18:07 EST
A "Baby Mama Trust" set up by financier Allen Stanford as US regulators closed in on his $7 billion Ponzi scheme is among the $300 million in assets US prosecutors hoped to recover at a forfeiture hearing Wednesday.
Cricket mogul found guilty of $7 bn Ponzi scheme
Mar 07, 2012 06:01 EST
Financier and cricket mogul Allen Stanford has been found guilty by a US jury of a $7 billion Ponzi scheme, closing the book on the flamboyant ex-tycoon's stunning fall from grace.
Cricket mogul found guilty of $7 bn Ponzi scheme
Mar 06, 2012 21:02 EST
Financier and cricket mogul Allen Stanford was found guilty by a US jury of a $7 billion Ponzi scheme, closing the book on the flamboyant ex-tycoon's stunning fall from grace.
Stanford found guilty of $7 bn Ponzi scheme
Mar 06, 2012 15:57 EST
Financier and cricket mogul Allen Stanford was found guilty by a US jury of a $7 billion Ponzi scheme Tuesday, closing the book on the flamboyant ex-tycoon's remarkable fall from grace.
Stanford found guilty over $7 bn Ponzi scheme
Mar 06, 2012 13:04 EST
Financier and cricket mogul Allen Stanford was found guilty of perpetrating a $7 billion Ponzi scheme, a US jury declared Tuesday.
US jury struggle for verdict in cricket mogul's trial
Mar 05, 2012 20:34 EST
The judge in the fraud trial of wealthy cricket mogul Allen Stanford ordered the jury back to deliberations after they told him they could not reach a unanimous verdict.
Stanford's greed led to $7 bln Ponzi scheme: US trial
Feb 29, 2012 19:52 EST
Financier and cricket mogul Allen Stanford mocked his "gullible" investors as he built a $7 billion Ponzi scheme to fund a lavish lifestyle, US prosecutors said in closing arguments Wednesday.
Stanford's 'lies' built $7 bln Ponzi scheme: US trial
Feb 29, 2012 16:34 EST
The financier and cricket mogul Allen Stanford mocked his "gullible" investors as he built a $7 billion Ponzi scheme to fund a lavish lifestyle, US prosecutors said in closing arguments Wednesday.
"Follow the money," prosecutor tells Stanford jury
Feb 29, 2012 12:53 EST
HOUSTON (Reuters) - Allen Stanford lied to his investors and stole their money to spend on himself, a U.S. prosecutor said on Wednesday, near the end of the former financier's five-week trial on charges of criminal fraud.
Stanford swindle among history's worst: prosecutor
Feb 29, 2012 12:53 EST
HOUSTON (Reuters) - Allen Stanford perpetrated one of the biggest thefts in history, a U.S. prosecutor said on Wednesday as the former financier's trial neared its end.
Stanford defense rests without calling Stanford
Feb 27, 2012 17:19 EST
HOUSTON (Reuters) - Texas financier Allen Stanford's attorneys wound up their defense in his criminal fraud trial on Monday without calling Stanford himself to testify.
Three years on, investors attend Stanford trial
Feb 17, 2012 22:27 EST
HOUSTON (Reuters) - Defense lawyers made a case for Allen Stanford's innocence on Friday in a courtroom filled with people who said he had stolen millions of dollars of their savings.
Insight: Obama, politicians decline to return Stanford money
Feb 13, 2012 17:36 EST
(Reuters) - National fundraising committees for the Democratic and Republican parties, President Barack Obama, and other major politicians have declined to return campaign donations totaling $1.8 million from Houston financier R. Allen Stanford, now on trial for allegedly masterminding a $7 billion Ponzi scheme.
Insight: How Allen Stanford kept the SEC at bay
Jan 26, 2012 16:23 EST
(Reuters) - In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island of Antigua. U.S. authorities had been nosing around Stanford's empire for longer than a decade but hesitated to open a full-blown probe.
Former employee says Stanford knew his business
Jan 25, 2012 19:39 EST
HOUSTON (Reuters) - A financial adviser who worked for former financier Allen Stanford testified at his trial on Wednesday that Stanford personally pressured her to bring in new clients for his bank.
Facts from the Wikipedia page:
| Allen Stanford | |
|---|---|
| Born | March 24, 1950 Mexia, Texas, U.S. |
| Nationality | American/Antiguan |
| Citizenship | United States, Antigua and Barbuda |
| Education | Baylor University (1974) |
| Occupation | Chairman, Stanford Financial Group |
| Net worth | ▼US$2.2 billion (2008) [1] |
| Known for | Businessman in the financial services sector, Alleged Ponzi scheme, Involvement in Stanford Super Series |
| Religious beliefs | Protestantism |
| Spouse(s) | Susan Stanford (separated) |
| Children | Allen Stanford has six children (oldest to youngest). Female- Randi Susan, Roberta Allena, Rebecca Alexandra. Male- Reid Allen, Robert Allen Jr., Ross Allen. |
| Website stanfordfinancial.com, stanfordgroup.com | |
