Robert Allen Stanford

Sir Allen Stanford Sir Allen Stanford Fraud Case | SEC Below is a short video on Sir Allen Stanford who was just accused of fraud by the SEC. Below the video please see 5 additional resources on this unfolding case. If you are viewing this article via our daily hedge fund newsletter please click here to watch the embedded videos: Resource #1 : Resource #2: The Securities and Exchange Commission charged R. Allen Stanford with an $8 billion fraud centered around the sale of certificates of deposit, saying the flamboyant businessman hoodwinked investors by promising high and seemingly safe returns. As the SEC charges ... Read Full Story

It seems that the flood gates are open with no hope of shutting - at least any time soon - with investigations and indictments of fraud! Madoff, Dryer, Grigg and now Stanford. Every where you turn there is another fraud or investment scam being reported. I’ve seen a lot over the years as a business ethics and fraud prevention speaker , but this is a profound season for fraud discovery. So the question - what motivates fraud? To address a question like that you need to look at the scope and magitude of the frauds being reported. And, make no mistake in this economic ... Read Full Story

Sir Allen Stanford walks around the crowd shaking hands and signing autographs during the Stanford Twenty20 Super Series match between Stanford Super Stars and Middlesex at the Stanford Cricket Ground on October 30, 2008 in St Johns, Antigua. (Photo by Tom Shaw/Getty Images) more pics » In yet another giant banking fraud turned up by an S.E.C. still reeling from the Bernard Madoff scandal, banking and cricket giant Sir Robert Allen Stanford was arrested in his Houston offices Tuesday morning for an alleged massive fraud. The Securities and Exchange Commission is charging Stanford and two cohorts with a "massive ongoing fraud" that involves Stanford ... Read Full Story

Wanted Robert Allen Stanford is now a fugitive and SEC officials don't look any likelier to get their man than his investors do to get their money back, Felix Salmon writes in Portfolio. Regulators have been sniffing around his operations for long enough to ensure he's got a contingency plan already in action, probably involving that missing $8 billion and one of his multiple private jets, Salmon notes. Stanford has likely stashed his cash in one or several of his banking operations in many jurisdictions beyond the arm of US law. The spotlight is currently on Antigua, Salmon notes, but it's more likely Stanford ... Read Full Story

'Clients lost no money' said Sir Allen Stanford. Sir Allen Stanford, accused of an $8b fraud by U.S. regulators, has insisted no money was lost by customers dealing with his financial services companies. In an emotional interview with ABC, the Texan financier wept as he spoke about how much he loved his employees. He later threatened to punch anyone who repeated allegations that Sir Allen was involved in the laundering of Mexican drug money. He has already denied any wrongdoing in the case. But the U.S. financial regulator, the Securities and Exchange Commission (SEC), has said Sir Allen is guilty of fraud of “shocking ... Read Full Story