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Stanford arrested in US

Cricinfo.com: "Allen Stanford, the Texan billionaire, has surrendered to US authorities and will appear in a federal court in Virginia on Friday. He surrendered after a warrant was issued for his arrest following allegations of massive fraud involving his Antigua bank.

Stanford, 59, is expected to be transferred to Houston after his initial court appearance to face criminal charges, a federal official said. He already faces civil charges brought by the US Securities and Exchange Commission (SEC)."

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