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  1. #1
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    Default Authorities are searching for Allen Stanford guilty of $8 Billion Fraud

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  2. #2
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    they found him in virginia, served him papers and left

    wonder if they took his passport
    have you defeated them?
    your demons

  3. #3
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    Quote Originally Posted by eri View Post
    they found him in virginia, served him papers and left

    wonder if they took his passport
    Hey where did you see that eri?

    Can you provide a link.

    Cheers

    Marc
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  4. #4
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    FBI finds 'missing' billionaire Allen Stanford

    From correspondents in Washington | February 20, 2009

    Article from: Reuters
    FBI agents have found Texas billionaire Allen Stanford in Virginia, serving him with court papers accusing him of massive fraud.
    FBI spokesman Richard Kolko said the FBI acted at the request of the US Securities and Exchange Commission and that Stanford, whose whereabouts had been unknown for the past few days, had not been arrested.
    Mr Kolko said he did not know whether Mr Stanford had surrendered his passport.
    The SEC's complaint, accusing Stanford of an $8 billion fraud, was served by agents from the FBI's office in Richmond, Virginia, Kolko said.
    "The agents served Mr Stanford with court orders related to the SEC civil filing against the Stanford Financial Group," Mr Kolko said.
    Mr Stanford and three of his companies were charged with fraud in a civil complaint filed in federal court in Dallas, Texas.
    Mr Stanford and two other executives were accused of fraudulently selling $US8 billion in high-yield certificates of deposit in a scheme that stretched around the world.



    http://www.theaustralian.news.com.au...-12377,00.html
    Last edited by Marc; 20-02-2009 at 01:24 PM.
    "There's one way to find out if a man is honest-ask him. If he says 'yes,' you know he is a crook." Groucho Marx

  5. #5
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    http://www.nzherald.co.nz/business/n...ectid=10557791

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    Billionaire Stanford found by FBI

    11:46AM Friday Feb 20, 2009



    Allen Stanford



    WASHINGTON - Texas financier Allen Stanford has been found in Virginia and served with legal papers in a multibillion-dollar fraud case.
    FBI spokesman Richard Kolko says FBI agents, acting at the request of the Securities and Exchange Commission, served Stanford papers on Thursday in Fredericksburg, Virginia.
    Stanford is not under arrest and is not in custody.
    In a civil papers Tuesday, the SEC accused Stanford and three of his companies with committing an $US8 billion fraud that lured investors with promises of improbable and unsubstantiated high returns on certificates of deposit and other investments.
    Until regulators got help from the FBI, the SEC had not been able to find Stanford.
    A law enforcement official, speaking on condition of anonymity, said the billionaire was served around 1:45 p.m. while sitting in a car, and authorities do not believe he had been purposely hiding from authorities.
    He has not been charged with any crime, though federal agents continue to investigate the case.



    The fallout from the fraud case is already rattling around the global financial system.
    Venezuela has seized a failed bank controlled by Stanford after a run on deposits there, while clients were prevented from withdrawing their money from Stanford International Bank and its affiliates in a half-dozen other countries.
    Stanford's father, James Stanford, told The Associated Press in Mexia, Texas, on Thursday that he hopes the allegations aren't true. "I have no earthly knowledge of it," said the elder Stanford, listed as chairman emeritus and a director for Stanford Financial Group. "I would be totally surprised if there would be truth to it. And disappointed, heartbroken."
    Asked what advice he would give his son, Stanford, 81, said: "Do the right thing."
    Stanford, 58, is a larger-than-life figure in the Caribbean, using his personal fortune - estimated at $2.2 billion by Forbes magazine - to bankroll public works and cricket tournaments.
    He also is a major player in US politics, personally donating nearly a million dollars, mostly to Democrats. At 6-feet-4 (1.93 meters) and 240 pounds (108 kilograms), he towered over House Speaker Nancy Pelosi while giving her a warm hug at the Democratic National Convention last year.
    He owns a home in the US Virgin Islands and operates businesses from Houston to Miami and Switzerland to Antigua, where he holds citizenship and the government knighted him in 2006 in recognition of his economic influence and charity work.
    have you defeated them?
    your demons


 

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