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investment scheme

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

An elderly job seeker fills out a job application. (credit: Chung Sung-Jun/Getty Images)

Last Defendant In Dallas-Based Scam Gets 10 Years

A federal judge in Dallas has ordered 10 years in prison for the final defendant in a $13 million investment scheme mainly targeting the elderly.

01/07/2013