R. Allen Stanford spent the weeks before the SEC charged him with fraud assuring clients that their money was safe. His Washington, D.C.-based lawyer, meanwhile, was disavowing everything he had previously told authorities.
Just days after Thomas Sjoblom, of the law firm Proskauer Rose, stepped down, federal authorities pounced, according to Bloomberg.
For the Seven Most Shocking Stanford Suprises, check here.
In 2004, Austrian soccer player Andreas Lipa and his British wife, Sarah Adams-Lipa, plunked down a $62,000 deposit on a new luxury vacation home in an Orlando, Fla., resort called Tierra Del Sol.
Financial Times: The lavish lifestyle enjoyed by Sir Allen Stanford, the Texas billionaire charged by US financial regulators with "massive" investment fraud, has been laid bare by court documents from two years ago that emerged on Friday.
R. Allen Stanford, the Texas billionaire who has Antiguan citizenship, was charged Tuesday by the SEC for allegedly trying to bilk some 50,000 customers out of $8 billion. But this wasn't Stanford's first brush with controversy. The cricket fanatic.
HOUSTON/ST JOHN'S, Antigua (Reuters) – Flamboyant Texas billionaire Allen Stanford and three of his companies were charged with "massive ongoing fraud" Tuesday as federal agents swooped down on his U.S.
Will Condoleezza Rice be welcome when she returns to Stanford's campus after eight years away serving President Bush? Maybe, maybe not ... but some students clearly think otherwise as this photo in the middle of the plaza with the campus bookstore.
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