1.
U.S. markets recover from steep losses
LONDON, June 30 (UPI) -- The Serious Fraud Office in Britain said it had frozen the assets of accused Texas billionaire Allen Stanford at the request of U.S. authorities.
Stanford, charged with a $7 billion investment scam in the United States, pleaded not guilty at a court appearance in Houston last week. Authorities say Stanford cheated investors by promising extravagant returns on certificates of deposit sold through his bank in Antigua.
The SFO said the frozen assets amounted to more than $100 million "believed to be held at certain London financial institutions," The Times of London reported Tuesday.
In a statement, SFO Director Richard Alderman, said he was "determined that supporting our U.S. counterparts in this way becomes a routine example of cross-border co-operation."
|
|
|
|
|
|
| Additional Business News Stories | |
JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
|
SEATTLE, May 24 (UPI) --
The flight decks and avionics of the U.S. and NATO Airborne Warning and Control System aircraft fleet will be modernized under a $368 million Boeing contract.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
