ponzi scheme

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

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.


US Attorney Press Conference

DOJ: North Texans Lost Millions In Fraud Schemes

Patricia Savage of McKinney and her adult children invested their life savings with a friend of 20 years. “You’re like family.”


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