The Associated Press: "WASHINGTON (AP) — Billionaire R. Allen Stanford was expected back in Texas on Tuesday to face federal charges he ran a $7 billion swindle with his international banking empire.
A federal grand jury in Houston has indicted Stanford and six executives of Stanford Financial Group, accusing them of orchestrating the massive fraud by advising clients to buy certificates of deposit from the Antigua-based Stanford International Bank. Stanford was arrested Thursday in Virginia."
A federal grand jury in Houston has indicted Stanford and six executives of Stanford Financial Group, accusing them of orchestrating the massive fraud by advising clients to buy certificates of deposit from the Antigua-based Stanford International Bank. Stanford was arrested Thursday in Virginia."
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