- Home
- Banking/ Finance
- Allen Stanford
Stanford gets 110 years for role in $7B swindle
- By S Coward
- Published 15-Jun-12
- Allen Stanford
- Unrated
HOUSTON (AP) — Former jet-setting Texas tycoon R. Allen Stanford had plenty of things to say Thursday before a federal judge sentenced him to 110 years in prison for bilking investors out of more than $7 billion over two decades.
BBC News: Stanford Found Guilty in $7bn Ponzi scheme
- By S Coward
- Published 06-Mar-12
- Allen Stanford
- Unrated
Houston - March 6, 2012 - Financier and cricket mogul Allen Stanford has been found guilty by a court in Houston, Texas, of running a $7bn Ponzi scheme.
Allen Stanford files $7bn case for damages against U.S. prosecutors
- By S Coward
- Published 18-Feb-11
- Allen Stanford
- Unrated
Feb. 18, 2011 -- Jailed Texas financier R. Allen Stanford has filed a lawsuit accusing
prosecutors and federal agents of depriving him of his constitutional
rights by using abusive law-enforcement tactics. Read more: http://www.dailymail.co.uk/news/article-1358285/Stanford-trial-Cricket-loving-files-7billion-case-U-S-prosecutors.html#ixzz1EKDH8UI7
ECCB Outlines Facts Relevant to its Intervention into the Bank of Antigua
- By S Coward
- Published 18-Feb-10
- Allen Stanford
- Unrated
Basseterre - Feb. 18, 2010 --It has been brought to the attention of the authorities that a group purporting to represent the interests of individuals who have been the alleged victims of financial malpractices by Allen Stanford have allegedly filed a class action suit in Dallas against the Bank of Antigua, Eastern Caribbean Central Bank, Antigua Commercial Bank Ltd, St. Kitts-Nevis-Anguilla National Bank Ltd, East Caribbean Financial Holding Company Ltd, National Commercial Bank (SVG) Ltd, National Bank of Dominica Ltd and the Government of Antigua and Barbuda.
Stanford Victims Sue Antigua & Barbuda Government, Caribbean Banks
- By S Coward
- Published 17-Feb-10
- Allen Stanford
- Unrated
Feb. 17, 2010 -- Victims of accused ponzi schemer, R. Allen Stanford, through Attorney Peter D. Morgenstern, filed a class action lawsuit on Tuesday
against Antigua and Barbuda, The Eastern Caribbean Central Bank, the
Antigua Commercial Bank, the St. Kitts-Nevis-Anguilla National Bank
Ltd., the Eastern Caribbean Financial Holdings Company Ltd., the
National Commercial Bank (SVG) Ltd., and National Bank of Dominica Ltd.
Senators Introduce Stanford Investment Fraud Resolution
- By S Coward
- Published 02-Dec-09
- Allen Stanford
-
Rating:




Dec. 2, 2009 -- U.S. Senator Richard Shelby (R-AL), ranking Republican on the Committee
on Banking, Housing and Urban Affairs, along with Senators Vitter
(R-LA), Hutchison (R-TX), Cochran (R-MS), Cornyn (R-TX), Isakson
(R-GA), Wicker (R-MS), and Shaheen (D-NH), introduced a resolution
expressing the sense of the Senate that the Secretary of the Treasury
should direct the United States Executive Directors to the
International Monetary Fund and the World Bank to use the voice and
vote of the United States to oppose making any loans to the Government
of Antigua and Barbuda...
Antigua's A.G. Speaks to Reuters on Stanford Damages Lawsuit Against Country
- By S Coward
- Published 22-Jul-09
- Allen Stanford
- Unrated
July 22, 2009 -- "What do they want? The whole country?" (Attorney General) Simon asked, referring to the
maximum damages sought against the small, tourism-dependent twin-island
state...
Open Letter to President Obama from Stanford Victims
- By S Coward
- Published 16-Jul-09
- Allen Stanford
- Unrated
July 16, 2009 -- For over two decades, the Stanford Financial Group and its various entities, including Stanford International Bank-Antigua, were able to operate without adequate oversight by numerous government agencies charged with protecting us. Multiple US government agencies had knowledge of Stanford’s alleged fraudulent business practices and corruption within the government of Antigua, yet Stanford investors were never warned.
Investors Sue Antigua Over Stanford's Alleged Fraud
- By S Coward
- Published 14-Jul-09
- Allen Stanford
- Unrated
July 14, 2009 -- "Antigua is sovereign but not above the law," the lawsuit filed in federal court in Houston, said. "It became a full partner in Stanford's fraud, and reaped enormous financial benefits from the scheme."
Motion Passed -- Antigua's Lower House Votes to Acquire Stanford Properties
- By S Coward
- Published 27-Feb-09
- Allen Stanford
- Unrated
St. John's -- Feb. 27, 2009 -- Although the House of Representatives passed a motion yesterday
afternoon to acquire lands belonging to Sir Allen Stanford, the
historical sitting of Parliament seemed not to have served the purpose
for which it was initially intended as it more or less turned into a
show of political strength.
Stanford Financial Group Chief Investment Officer Charged with Obstruction
- By S Coward
- Published 27-Feb-09
- Allen Stanford
- Unrated
Washington -- Feb. 27, 2009 -- Laura Pendergest-Holt, the chief investment officer of
Houston-based Stanford Financial Group (SFG), was arrested today by agents of the FBI’s Houston Field Office on a criminal complaint
charging her with obstruction of a proceeding before an agency of the
United States, announced Acting Assistant Attorney General of the
Criminal Division Rita M. Glavin and Special Agent in Charge of the
Houston Division of the FBI, Andrew R. Bland, III.
Antigua Government Moves to Acquire Stanford Properties
- By S Coward
- Published 26-Feb-09
- Allen Stanford
- Unrated
St. John's -- Feb. 26, 2009 -- The Attorney-General of Antigua and Barbuda, Justin Simon will move a
motion in the House of Representatives this morning for government to
acquire 250 acres of land belonging to billionaire Sir R. Allen
Stanford and registered under the Stanford Financial Group of Companies.
Eastern Caribbean Central Bank Takes Over Bank of Antigua
- By S Coward
- Published 22-Feb-09
- Allen Stanford
- Unrated
Feb. 22, 2009 -- In a dramatic move on Friday, the Eastern
Caribbean Central Bank (ECCB) exercised emergency powers to take over
the Bank of Antigua (BOA) which was part of the financial empire of
Texan billionaire Sir Allen Stanford, currently facing fraud charges
involving about US$8 billion.
SEC Charges R. Allen Stanford, Stanford International Bank for Multi-Billion Dollar Investment Scheme
- By S Coward
- Published 17-Feb-09
- Cricket , Allen Stanford , Crime/Security
- Unrated
Washington, D.C., Feb. 17, 2009 — The Securities and Exchange
Commission today charged Robert Allen Stanford and three of his
companies for orchestrating a fraudulent, multi-billion dollar
investment scheme centering on an $8 billion CD program.
Stanford Arrested & Charged With Fraud
- By S Coward
- Published 17-Feb-09
- Allen Stanford
- Unrated
Feb. 17, 2009 -- Antigua-based billionaire Allen Stanford has been arrested and charged
with fraud by US authorities. The Securities and Exchange Commission
said that they were "alleging a fraud of shocking magnitude".
Allen Stanford Accused of ‘Massive, Ongoing’ Fraud
Allen Stanford Accused of ‘Massive, Ongoing’ Fraud

Allen Stanford