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In the aftermath of the R. Allen Stanford case, some local investors are asking: Where was the State of Texas? Investors who lost money in the Houston financier's alleged Ponzi scheme now say the state's financial oversight was too lax. Full Article at Austin American-Statesman
Sandra Dorrell knew she needed to save money. Ten years ago, she was diagnosed with Caroli disease, a congenital illness that affects the liver and kidneys. Full Article at Austin American-Statesman
Texas billionaire Allen Stanford (C) leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. View Photo »
The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership...
Lloyd's had advanced some legal fees under a directors and officers policy. But the insurer sent a letter on November 16 declining to extend coverage for beyond August 27, according to the complaint filed in federal court in Houston on Friday. Full Article at The Post Chronicle
As metaphors go, the LPGA Tour Championship presented by Rolex makes Moby Dick look like just another fish story. Full Article at Golf Digest
ST JOHN'S, Antigua (AP) — Antigua will restructure its financial system following the collapse of R. Allen Stanford 's island-based empire when his alleged investment fraud unraveled, the governor general said Monday.Laws will be amended to ensure... Full Article at Newsday
Texas billionaire Allen Stanford (C) arrives at the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. Stanford faces criminal charges for a $7 billion Ponzi scheme. View Photo »
Apart from the monetary purses and the cash prizes for each player, what Allen Stanford did is he contributed financially to each territorial board and by extension each Caribbean nation ... You had a lot of financial aid being given to structures, to facilities and to equipment. Our cricket is better e...
ST JOHN'S, Antigua (AP) — Antigua will restructure its financial system following the collapse of R. Allen Stanford's island-based empire when his alleged investment fraud unraveled, the governor general said Monday. Full Article at Houston Chronicle
ST. JOHN'S, Antigua A group of investors is urging an Antiguan court to remove a British accounting firm appointed to collect assets of a Caribbean offshore bank at the center of an alleged Ponzi scheme by Texas financier R. Allen Stanford. Full Article at The Daily Advertiser
Sir Robert Allen Stanford (born March 24, 1950) is a prominent financier, philanthropist, and sponsor of professional sports, who has been charged with fraud. Stanford is the chairman of the privately held, wholly owned Stanford Financial Group of Companies. Full Article
Texas billionaire Allen Stanford (C) leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009.
View Photo »Texas billionaire Allen Stanford (C) arrives at the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. Stanford faces criminal charges for a $7 billion Ponzi scheme.
View Photo »RICHMOND, VA - JUNE 19: Television crews report outside federal court after financier Allen Stanford's court appearance June 19, 2009 in Richmond, Virginia. A detention hearing for Stanford is scheduled to be held in Texas on June 22.
View Photo »WASHINGTON - JUNE 19: Lanny A. Breuer of the U.S. Justice Department discusses the indictment of financier Allen Stanford at a news conference on June 19, 2009 in Washington, DC. Stanford is accused of running an $8 billion Ponzi scheme.
View Photo »WASHINGTON - JUNE 19: (L to R) Eileen Mayer, Chief of Internal Revenue Service - Criminal Investigation, Tim Johnson, U.S. Attorney of the Southern District of Texas, Lanny A. Breuer, Assistant Attorney General of the Criminal Division, U.S. Dpeartment of Justice, Robert Khuzami, Dire...
View Photo »WASHINGTON - JUNE 19: Eileen Mayer (C) of the Internal Revenue Service discusses the indictment of financier Allen Stanford as Lanny A. Breuer (L) of the U.S. Justice Department and Robert Khuzami (R) of the U.S. Securities and Exchange Commission look on at a news conference on June 1...
View Photo »WASHINGTON - JUNE 19: Tim Johnson, U.S. Attorney of the Southern District of Texas, discusses the indictment of financier Allen Stanford at a news conference on June 19, 2009 in Washington, DC. Stanford is accused of running an $8 billion Ponzi scheme.
View Photo »WASHINGTON - JUNE 19: Lanny A. Breuer of the U.S. Justice Department discusses the indictment of financier Allen Stanford at a news conference on June 19, 2009 in Washington, DC. Stanford is accused of running an $8 billion Ponzi scheme.
View Photo »WASHINGTON - JUNE 19: (L to R) Tim Johnson, U.S. Attorney of the Southern District of Texas, Lanny A. Breuer, Assistant Attorney General of the Criminal Division, U.S. Dpeartment of Justice, Robert Khuzami, Director of the Division of Enforcement, U.S. Securities and Exchange Commissio...
View Photo »Allen Stanford the former billionaire accused of a $7 billion fraud, leaves federal court after it was determined he has no money to pay an attorney, and a federal judge ordered the Public Defender's Office to take his case in Houston September 15, 2009.
View Photo »Allen Stanford (top) the former billionaire accused of a $7 billion fraud, leaves federal court after it was determined he has no money to pay an attorney, and a federal judge ordered the Public Defender's Office to take his case in Houston September 15, 2009.
View Photo »Allen Stanford, the former billionaire accused of a $7 billion fraud, leaves federal court after it was determined he has no money to pay for an attorney, and a federal judge ordered the Public Defender's Office to take his case in Houston September 15, 2009.
View Photo »Allen Stanford (R) arrives at federal court with an unidentified prisoner, for a hearing sporting hand cuffs, leg irons and an orange jumpsuit in Houston September 15, 2009.
View Photo »Allen Stanford (R) arrives at federal court with an unidentified prisoner, for a hearing sporting hand cuffs, leg irons and an orange jumpsuit in Houston September 15, 2009.
View Photo »Texas billionaire Allen Stanford boards the transport van as he leaves the Bob Casey Federal courthouse in Houston, Texas June 29, 2009.
View Photo »Texas billionaire Allen Stanford gives members of the media a thumbs up as he leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009.
View Photo »Texas billionaire Allen Stanford walks to the transport van as he leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009.
View Photo »Texas billionaire Allen Stanford gives members of the media a thumbs up as he leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009.
View Photo »Texas billionaire Allen Stanford gives members of the media a thumbs up as he leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009.
View Photo »Texas billionaire Allen Stanford (R) arrives at the Bob Casey Federal courthouse in Houston in the custody of US marshals June 29, 2009. Stanford faces criminal charges for a $7 billion Ponzi scheme.
View Photo »Texas billionaire Allen Stanford steps off of a transport van with his feet shackled as he arrives at the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. Stanford faces criminal charges for a $7 billion Ponzi scheme.
View Photo »Texas billionaire Allen Stanford's shackled feet are pictured as he arrives at the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. Stanford faces criminal charges for a $7 billion Ponzi scheme.
View Photo »Texas billionaire Allen Stanford flashes a "thumb up" as he leaves the Federal courthouse in Houston, Texas June 26, 2009, in the custody of a US Marshal.
View Photo »Texas billionaire Allen Stanford flashes a "thumb up" as he leaves the Federal courthouse in Houston, Texas June 26, 2009.
View Photo »Texas billionaire Allen Stanford flashes a "thumb up" as he leaves the Federal courthouse in Houston, Texas June 26, 2009, in the custody of a US Marshal.
View Photo »Texas billionaire Allen Stanford (C) arrives at the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. Stanford faces criminal charges for a $7 billion Ponzi scheme.
View Photo »The advisers include Gene Sperling, who last year took in $887,727 from Goldman Sachs and $158,000 for speeches mostly to financial companies, including the firm run by accused Ponzi scheme mastermind R. Allen Stanford. Another top aide, Lee Sachs, reported more than $3 million in salary and partnership...
Apart from the monetary purses and the cash prizes for each player, what Allen Stanford did is he contributed financially to each territorial board and by extension each Caribbean nation ... You had a lot of financial aid being given to structures, to facilities and to equipment. Our cricket is better e...
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