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Posted in Main Blog (All Posts) on February 19th, 2009 5:35 am by HL
Judge Freezes Stanford Assets
The Houston Chronicle reports: U.S. District Judge Reed O’Connor issued an order freezing the defendants’ assets and appointed a receiver to marshal them. And Reuters, in full blog mode, adds: STANFORD FINANCIAL GROUP SIGN IN HOUSTON SAYS NOW “UNDER THE…
Stanford Charged With “Fraud Of Shocking Magnitude”
Allen Stanford, the billionaire Texas banker, has been charged with orchestrating a fraudulent, multibillion dollar investment scheme, the SEC announced in a press release this morning. An SEC spokeswoman called it “a fraud of shocking magnitude that has spread its…
