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Allen Stanford

Stanford Financial chairman and CEO Sir Robert Allen Stanford (R) gestures as he leaves the Bob Casey Federal Courthouse after a 2009 bond appeal hearing in Houston. (credit: Dave Einsel/Getty Images)

Texan’s Failed Ponzi Scheme Disbursement Amounts To 1-Percent

A federal judge in Dallas has approved an interim plan that distributes some $55 million in assets to bilked investors in a failed Ponzi scheme run by disgraced former Texas financier R. Allen Stanford.

05/31/2013

Stanford Financial chairman and CEO Sir Robert Allen Stanford (R) gestures as he leaves the Bob Casey Federal Courthouse after a 2009 bond appeal hearing in Houston. (credit: Dave Einsel/Getty Images)

Jury: $330M In Stanford Accounts Can Be Seized

The jury that convicted former Texas tycoon R. Allen Stanford of operating a massive Ponzi scheme found Thursday that there is sufficient evidence $330 million in frozen foreign bank accounts he controlled is money he stole from investors.

03/08/2012

Sir Allen Stanford talks to the London press during a 2008 press conference. (credit: Getty Images/Tom Shaw)

Texas Billionaire Stanford Convicted In $7 Billion Fraud

A ury has convicted Texas financier R. Allen Stanford on all but one of the charges he faced for bilking investors out of more than $7 billion in one of the largest Ponzi schemes in U.S. history.

03/06/2012

Sir Allen Stanford talks to the London press during a 2008 press conference. (credit: Getty Images/Tom Shaw)

Prosecutors Rests In Fraud Trial Of Texas Billionaire

Attorneys for jailed Texas tycoon R. Allen Stanford have begun their defense in his fraud trial after prosecutors rested their case.

02/16/2012

Sir Allen Stanford talks to the London press during a 2008 press conference. (credit: Getty Images/Tom Shaw)

Jury Selection Begins In Texas Billionaire’s Trial

More than 2 1/2 years after being indicted for allegedly bilking investors out of $7 billion in a massive Ponzi scheme, jailed Texas financier R. Allen Stanford is set to go to trial.

01/23/2012

Judge Declines To Delay Texas Billionaire’s Trial

A federal judge has declined a last-ditch attempt by attorneys for jailed Texas financier R. Allen Stanford to postpone his trial set to begin next week.

01/18/2012

Sir Allen Stanford talks to the London press during a 2008 press conference. (credit: Getty Images/Tom Shaw)

Ex-Financier Stanford’s Effects Face Texas Auction

Hundreds of items from the Houston office of disgraced financier R. Allen Stanford will be auctioned as part of efforts to recoup some of the billions of dollars he is accused of bilking in a Ponzi scheme.

06/02/2011

Sir Allen Stanford talks to the London press during a 2008 press conference. (credit: Getty Images/Tom Shaw)

Financier Stanford’s Lawsuit Seeks $7.2 Billion

Jailed Texas financier R. Allen Stanford has filed a lawsuit accusing prosecutors and federal agents of depriving him of his constitutional rights by using abusive law-enforcement tactics

02/17/2011

Insurer Says Texas Financier Must Pay Legal Bills

A court hearing continues today in Houston in a dispute over who’ll pay the legal fees of jailed Texas financier

08/25/2010