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Money Roll

North Texas Man Sentenced For Defrauding Investors

A North Texas man was sentenced to nearly six years in prison for defrauding people seeking to invest in a restaurant franchise.

03/17/2014

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

A GMC truck built by GM sits on display at a dealership. (credit: Getty Images/Kevork Djansezian)

Granbury Man Gets Prison For Trailer Hitch Fraud

A North Texas man has been sentenced to more than four years in federal prison in a nearly $1 million investment scam involving trailer hitches.

12/18/2012

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