Brokers Implicated in Stanford Ponzi Scheme

December 13th, 2010
in News, Banking

Financial Times:  Several brokers have been notified by the SEC of intention to file civil fraud suits against them in connection with the Ponzi scheme perpetrated by Texas billionaire Allen Stanford.

Follow up:

  

The scheme involved some $8 billion invested with Stanford International Bank.  Stanford was charged with fraud by the SEC and arrested by the FBI in June, 2009.  Read more.....









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