Stanford Financial Group Chief Financial Officer James Davis Hearing in Houston
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)
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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.
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.
UPI Almanac for Monday, June 18, 2012.
U.S. billionaire financier R. Allen Stanford was convicted in Houston Tuesday of running a massive Ponzi scheme through an offshore bank.
U.S. regulators suspected Texas financier R. Allen Stanford was running a Ponzi scheme for a decade before seriously investigating him, a report says.
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.
A Miami law firm allegedly helped jailed financier R. Allen Stanford establish an unregulated money pipeline to Antigua, The Miami Herald reported Sunday.
U.S. authorities say they expect jailed financier R. Allen Stanford to be returned to his cell after he was hospitalized for a fight.
U.S. billionaire financier R. Allen Stanford, jailed for allegedly running a massive Ponzi scheme, has been hospitalized after a prison fight, authorities said.
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.
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