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The almanac

UPI Almanac for Tuesday, June 18, 2013.
By United Press International

UPI NewsTrack Business

Markets post gains Tuesday ... Report: Jobless to reach 202M in 2013 ... Stanford associate gets 10 years ... Business in central Atlantic region slows ... News from United Press International.

Stanford associate gets 10 years

HOUSTON, Jan. 22 (UPI) -- A U.S. judge handed former Stanford Financial Group Chief Financial Officer James Davis a five-year prison term for his part in a $7.2 billion fraud.

The almanac

UPI Almanac for Monday, June 18, 2012.
By United Press International
R. Allen Stanford convicted of $7 billion fraud

R. Allen Stanford convicted of $7 billion fraud

HOUSTON, March 6 (UPI) -- U.S. billionaire financier R. Allen Stanford was convicted in Houston Tuesday of running a massive Ponzi scheme through an offshore bank.
Ponzi suspicions not probed for decade

Ponzi suspicions not probed for decade

NEW YORK, April 17 (UPI) -- U.S. regulators suspected Texas financier R. Allen Stanford was running a Ponzi scheme for a decade before seriously investigating him, a report says.

Receiver sues Stanford employees for $11M

DALLAS, Oct. 15 (UPI) -- The receiver of R. Allen Stanford's businesses said Thursday he sued two ex-employees of the Texas financier's international bank for $11 million.

Miami law firm eyed in Stanford scandal

MIAMI, Oct. 4 (UPI) -- A Miami law firm allegedly helped jailed financier R. Allen Stanford establish an unregulated money pipeline to Antigua, The Miami Herald reported Sunday.

Financier Stanford to be returned to jail

HOUSTON, Sept. 27 (UPI) -- U.S. authorities say they expect jailed financier R. Allen Stanford to be returned to his cell after he was hospitalized for a fight.

Stanford hospitalized after prison fight

HOUSTON, Sept. 26 (UPI) -- U.S. billionaire financier R. Allen Stanford, jailed for allegedly running a massive Ponzi scheme, has been hospitalized after a prison fight, authorities said.
Plea points to bribes and blood oaths

Plea points to bribes and blood oaths

HOUSTON, Aug. 28 (UPI) -- Billionaire businessman R. Allen Stanford and the top bank regulator in Antigua took a blood oath in 2003, a court plea agreement in Houston says.

Stanford denied bail

HOUSTON, June 30 (UPI) -- Accused investment fraudster R. Allen Stanford was denied bail Tuesday by a federal judge in Houston.

Stanford to remain in jail for now

HOUSTON, June 26 (UPI) -- A federal judge in Houston delayed accused financier R. Allen Stanford's release Friday to give prosecutors a chance to argue he is a flight risk.

Texas 'billionaire' pleads not guilty

HOUSTON, June 25 (UPI) -- Texas businessman R. Allen Stanford pleaded not guilty to fraud charges in Houston Thursday in a case defined by a potential loss of $7 billion.

R. Allen Stanford indicted on $7B fraud

HOUSTON, June 19 (UPI) -- R. Allen Stanford, a Texas entrepreneur knighted by Antigua, was charged Friday with a $7 billion scheme to defraud investors, officials in Houston said.
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Photos
R. Allen Stanford
Former Stanford Financial Group Chief Financial Officer James Davis (C) leaves the federal courthouse with his wife, Lori, (L) and his attorney David Finn (R) after an arraignment in Houston, Texas on July 13, 2009. Davis who is accused with helping financier R. Allen Stanford swindle investors in a $7 billion fraud pleaded not guilty. (UPI Photo/Aaron M. Sprecher)
Wiki

Sir Robert Allen Stanford, KCN (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. A fifth-generation Texan who resides in St. Croix, U.S. Virgin Islands, he holds dual citizenship, being a citizen of Antigua and Barbuda and a United States citizen. Stanford was the first American to be knighted by that Commonwealth nation and was presented with the honor by the then Governor-General of Antigua and Barbuda, Sir James Carlisle.

In early 2009, Stanford became the subject of several fraud investigations, and on February 17, 2009, was charged by the U.S. Securities and Exchange Commission with fraud and multiple violations of U.S. securities laws for alleged "massive ongoing fraud" involving $8 billion in certificates of deposits. The FBI raided three of Stanford's offices in Houston, Memphis, and Tupelo, Mississippi. On February 27, 2009, the SEC amended its complaint to describe the alleged fraud as a "massive Ponzi scheme". He was arrested by the FBI on June 18, 2009.

Stanford grew up in Mexia, Texas. His father, James Stanford, is former mayor of Mexia and a member of the Board of Directors of Stanford Financial Group. His mother, Sammie, is a nurse. After his parents divorced in 1959, Stanford and his brother went to live with their mother. Both of his parents remarried.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "R. Allen Stanford."
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