Mr Stanford is being sought by the US Securities and Exchange Commission (SEC), the Wall Street regulator, after being charged with a multi-billion-dollar fraud, boasted of having customers in 140 countries.
As the charges against him became clear, panicked investors in the Caribbean and Latin America rushed to withdraw their savings from banks linked to his financial empire. Baldwin Spencer, the Prime Minister of Antigua, where he was the island's largest employer, said that the ramifications for the island in terms of investment and jobs could be "catastrophic".
FBI locates Stanford in VirginiaFBI locates Stanford in Virginia
Accused financier curried influence in Washington, watchdog group says
By Simon Kennedy & Alistair Barr, MarketWatch
Last update: 9:45 p.m. EST Feb. 19, 2009Comment
http://www.marketwatch.com/news/story/Stanford-rep...
Stanford group finance officer admits huge fraudStanford group finance officer admits huge fraud
(AFP) – 4 days ago
WASHINGTON — The chief financial officer of the investment company owned by Texas cricket mogul Allen Stanford Thursday pleade
http://www.google.com/hostednews/afp/article/ALeqM...
Stanford Investors shouldn’t expect money back: Lawyer Investors shouldn’t expect money back: Lawyer
By Charles Paikert
March 3, 2009, 3:01 PM EST Post a Comment Recommend (2)
Clients and employees may be hard-pressed to retrieve money fr
http://www.investmentnews.com/apps/pbcs.dll/articl...
Stanford Investors, Unlike Madoff’s, Get No SIPC Help
By Laurel Brubaker Calkins and Andrew M. Harris
Sept. 4 (Bloomberg) -- Peter Kaltman, a retired accountant, says he was reassured by the Securities Investor Protection Corp. logo on the station
http://www.bloomberg.com/apps/news...
