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behind the story The saga of Stanford Financial Group, Stanford International Bank and R. Allen StanfordFederal 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.
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Inside businessMarketsEnergyStanford scandalHouston stocksWorld marketsCurrencyYour portfolio 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 Powered by Caspio Add chron.com's Stanford Financial news widget to your Web site, blog, or social networking profile by clicking on the Get Widget icon and follow the steps to install. Find out how. Health care's massive death toll — Experts estimate that a staggering 98,000 people die from preventable medical errors each year. Learn more in our special section, Dead By Mistake. Track the swine flu — The latest news and most useful links on the international swine flu outbreak In Remembrance — Tributes to American service members who lost their lives in post-9/11 wars. Contractors pay a price — One in four deaths associated with the U.S. occupation of Iraq last year were among civilians. Immigration — Continuing coverage of immigration news with blogs, forums, multimedia, galleries and more. |