Allen Stanford Found Guilty of $7 Billion Ponzi Scheme
Former billionaire Allen Stanford was convicted Tuesday of running a $7 billion Ponzi scheme. He was found guilty on 13 counts of a 14-count criminal indictment, including fraud and conspiracy.
Stanford Fraud Trial Bigger ‘Black Eye’ for SEC, FINRA Than Madoff
The Allen Stanford trial began on Monday for his alleged $7 billion Ponzi scheme that involved supposedly ‘safe’ certificates of deposit.
SIPC Says It Need Not Reimburse Stanford Victims; SEC Disagrees
Dispute centers on meaning of 'theft' versus 'fraud.' SIPC to decide on next move by mid-September.
Dodd: More Legislation Needed After Stanford Ponzi Scheme IG Report
Members of a Senate Banking Committee questioned the SEC Inspector General on Wednesday regarding the IG's report which found that it took the securities regulator 12 years to put a stop to Robert Stanford's $8 billion Ponzi scheme.