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Financial Crime Weekly: Judge Orders $5.9 Billion Fine In Ponzi Scheme Case, SEC Chairman Appoints New Staff Members
Saturday, February 1, 2025 - 3:40pm | 462Read More...Federal Judge Orders $5.9 Billion Fine In Ponzi Scheme Case Chief Judge David Godbey of the Dallas federal court on Wednesday ordered Allen Stanford to pay a $5.9 billion civil fine, ending the Securities and Exchange Commission’s 16-year lawsuit against Stanford. Stanford is serving a 110-...
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ETFs For The Allen Stanford Verdict (FXP, XLY, EWL)
Tuesday, March 6, 2012 - 2:40pm | 574Read More...He's no Bernie Madoff in terms of the size of the Ponzi scheme, but R. Allen Stanford is every bit the unscrupulous huckster and jurors seemed to agree. A panel of eight men and four women found the Texas "business" man guilty of 13 of 14 counts brought against him for duping investors out of $7...
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U.S. Probes Deeper In Allen Stanford Ponzi Scheme
Tuesday, December 14, 2010 - 8:06am | 42Read More...U.S. officials have broadened investigation into the supposed $8 billion Ponzi scheme run by Sir Allen Stanford, according to the FT. The SEC is looking at brokerage executives who put clients money into International Bank, the bank that was run by Stanford.
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What's Hot On TheStreet
Wednesday, September 22, 2010 - 11:53am | 255Read More...Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet Commodity Bull May Be Ready for Breather On Monday all of the buzz surrounded the S&P 500's breakout above the 1,130 trading-range high. After all, the U.S. benchmark had visited the 1,040 level -- the low...
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U.S. Govt. Investigating Stanford Links To Lawmakers
Monday, December 28, 2009 - 12:50pm | 167Read More...U.S. federal authorities are investigating millions of dollars contributed by fraud suspect Allen Stanford and his staff to U.S. lawmakers in the past decade, the Miami Herald reported. The newspaper added that the Justice Department investigation aimed to determine whether the banker received...
