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.
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.
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.
Attorneys for jailed Texas tycoon R. Allen Stanford have begun their defense in his fraud trial after prosecutors rested their case.
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.
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.
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.
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
A court hearing continues today in Houston in a dispute over who’ll pay the legal fees of jailed Texas financier