ponzi scheme « CBS Dallas / Fort Worth

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.

2013/05/31

Chandelier Owned By Stanford Up For Auction

A chandelier by glass artist Dale Chihuly that once belonged to Texas tycoon R. Allen Stanford is to be sold at auction to raise money to help compensate victims of his Ponzi scheme.

2013/05/22

Investors Of $7 Billion Ponzi Scheme Could Get Pay-Out

Investors in a $7 billion Ponzi scheme orchestrated by former Texas tycoon R. Allen Stanford could in the next few months finally begin getting back some of what they lost.

2013/03/15

Texas financier R. Allen Stanford poses for a picture in June of 2008. (credit: Getty Images/Tom Shaw)

Stanford Gets 110 Years Jail For Ponzi Scheme

Texas tycoon R. Allen Stanford was sentenced to 110 years in prison for bilking investors out of more than $7 billion over 20 years in one of the largest Ponzi schemes in U.S. history.

2012/06/14

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.

2012/03/08

$7 Billion Swindle May Keep Stanford Jailed For Life

Texas tycoon R. Allen Stanford spent more than 20 years charming investors, who handed him billions of dollars they had spent their lives accumulating.

2012/03/07

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.

2012/03/06

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.

2012/02/16

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.

2012/01/23

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.

2012/01/18

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.

2011/06/02

Jailed Texas Financier Seeks Release From Jail

Lawyers for jailed Texas financier R. Allen Stanford say his right to a speedy trial has been violated. Attorneys argue that Stanford should be set free as he awaits trial in what is being called a huge Ponzi scheme.

CBSDFW.COM–2011/03/02