Stanford scandal: The latest news on R. Allen Stanford and Stanford Financial Group

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The saga of Stanford Financial Group, Stanford International Bank and R. Allen Stanford

Federal regulators claim Texas-born financier R. Allen Stanford ran a multibillion-dollar fraud at his offshore bank and Houston brokerage, which are now under court-ordered receivership.

At the heart of the matter were high-yield CDs, more than $8 billion worth of them, that the Securities and Exchange Commission alleges Stanford marketed as part of an illegal Ponzi scheme.

Stanford, associates James Davis and Laura Pendergest-Holt and others have been criminally indicted for their roles. All have pleaded not guilty, although Davis is expected to enter into a plea deal with federal prosecutors.

Stanford’s life: Brash, cash, a dash of flash

— R. Allen Stanford left behind his roots in Mexia, Texas, for a knighthood and a world of wealth. Learn more about this key figure in the scandal.

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Chronology of a scandal — Track key events in the life of R. Allen Stanford and his investment companies.

on the web

The final year at Stanford Financial - Stanford Watch blog

Alleged Stanford Shredders Lose Motion to Toss Case - BusinessWeek

Court halts order for pay to Stanford lawyers [Northeast Mississippi Daily ... - Insurance News Net (press release)

Secondary Sources: Consumer Agency, Euro Crisis, Climate Change - Wall Street Journal (blog)

Government grants don't fill credit gap for entrepreneurs - Montreal Gazette

Investment firm remains part of Stanford lawsuit - 2TheAdvocate

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Stanford's political contributions

Search hundreds of donations from R. Allen Stanford, his company's political action committee and people affiliated with Stanford's businesses to political candidates, parties and committees.
Tip: Simply hit "Search" to see the top recipients.

Source: Center for Responsive Politics, OpenSecrets.org

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The saga of Stanford Financial Group, Stanford International Bank and R. Allen Stanford

Stanford’s life: Brash, cash, a dash of flash

'' Thank you, Chron, for this place to vent and read other's stories. I didn't know anything was wrong until my monthly disbursement check failed to show up in my checking account on Feb. 16. It took me a couple of days to figure out what was going on. This whole thing makes me sick at heart.''

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