Allen Stanford

HOUSTON (AP) — Attorneys for jailed Texas tycoon R. Allen Stanford are beginning their defense in his fraud trial after prosecutors rested their case earlier today. Stanford's defense comes after three weeks of sometimes withering testimony in ...  

President Barack Obama and other politicians and campaign committees have yet to return donations from Houston financier R. Allen Stanford, who is currently on trial for allegedly running a $7 billion Ponzi scheme, Reuters reported on Monday. The donations ...  

Whether victims of the R. Allen Stanford Ponzi scheme are entitled to have some of their claims paid by the Securities Investor Protection Corp. will be decided by federal district judges, not unilaterally by the Securities and Exchange ...  

Feb. 9 (Bloomberg) -- The Securities Investor Protection Corp. was ordered by a federal judge to explain why it shouldn’t begin a claims process for the victims of R. Allen Stanford’s alleged investment fraud. U.S. District Judge Robert ...  

Stanford Fraud Case Puts Old Friends at Odds Allen Stanford's former college roommate James Davis is now the chief prosecution witness against him. Davis will testify that he witnessed and participated in Stanford's $7 billion Ponzi scheme, the New York Times reports.  

HOUSTON -- With testimony about bribes, blood oaths, faked profits and secret Swiss bank accounts, the ongoing fraud trial of jailed and former jet setting Texas tycoon R. Allen Stanford has had its share of drama. And many of the details about ...  

HOUSTON — On the last day of his testimony, R. Allen Stanford’s former moneyman James Davis pointed a shaking finger at his one-time boss and said that if anyone wanted proof of the crimes he had been outlining, all he had to do was “follow the money ...  

R. Allen Stanford (center), indicted on 21 counts of conspiracy, fraud and obstruction of justice appears at the Bob Casey Federal Courthouse Thursday, June 25, 2009, in Houston. An artist rendering shows Texas billionaire R. Allen Stanford, second from ...  

An Antiguan regulator who examined R. Allen Stanford’s bank in the months before its collapse said he was incredulous about the profits it claimed. “It defied my imagination that the bank could make a billion dollar profit,” said Paul Ashe of Antigua ...  

The SEC wanted to know about the sale of CDs from Stanford International Bank in Antigua, and shot off a letter to a top Antiguan bank regulator. That official, however, was on Stanford’s payroll, Davis said, and had earlier sworn a “blood oath” to ...  

HOUSTON -- The ex-chief financial officer for Texas tycoon R. Allen Stanford’s business empire tells jurors the financier ran his companies through a mix of flattery and fear. James M. Davis worked for the Stanford Financial Group Co. for more ...  

Allen Stanford testified today that the financier lavishly spent tens of millions of dollars to develop property and businesses on the Caribbean island nation of Antigua, one time replacing the hardwood floors at his bank because they weren’t ...  

Feb. 3 (Bloomberg) -- R. Allen Stanford directed his executives to falsify investment returns, threatened to fire them if they revealed $2 billion he secretly borrowed from his Antiguan bank and approved of office affairs, according to witnesses ...  

ST. JOHN'S, Antigua (AP) — An Antiguan judge on Monday upheld a decision paving the way for the U.S. extradition of a former financial regulator indicted in an alleged $7 billion swindle by Texas financier R. Allen Stanford. High Court Judge Mario Michel ...  

Allen Stanford’s former finance chief, James Davis, testified on Thursday in a US federal district court that he conspired with the Texas financier to build a US$7 billion Ponzi scheme, inflated its value and lied about the investments. Davis, 63, the ...