Allen Stanford

Appeals court rejects another request to free Allen Stanford

August 25, 2009 - 3:04am | Law aspects | News

As federal appeals court stated Monday, it delivered a judgment swindler Allen Stanford, blamed for a $7 billion fraud involving certificates of deposit issued by his Antigua bank, must stay in jail until his fraud trial. It’s widely known, he has been arrested in Virginia on June 18.

US District Judge David Hittner in Houston ruled in June the former billionaire has to stay imprisonment because of a flight risk. In turn, The US Court of Appeals supported this decision.

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US and Canadian banks face investigation of US prosecutors over Stanford’s fraud

August 17, 2009 - 11:41am | Law aspects | News

According to reports from CNBC a number of banks including two in the US are facing a new probe by the investigators who are trying to get to the truth in the alleged Allen Stanford Ponzi scheme. The regulators and prosecutors want to learn what the banks and regulators knew about massive deposits and withdrawals from Stanford over the years.

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eBay appraises Allen Stanford’s face at $29.99

April 17, 2009 - 1:55pm | Fraud | News

Allen Stanford, the billionaire Texan accused of an $8 billion fraud by U.S. regulators, became a star of the “limited edition” of commemorative tiles which were created by an entrepreneur from Fort Myers, Florida. Each tile with Allen Stanford’s face printed on it is available on eBay's online auction site for only $29.99.

Allen Stanford | Bernard Madoff | eBay | investment fraud | Ponzi scheme

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Jacks "J.C." Nickens will represent Allen Stanford who cannot afford a lawyer

April 15, 2009 - 5:57am | Law aspects | News

On Tuesday a court filing showed that Allen Stanford accused of an $8 billion fraud hired a civil attorney Jacks "J.C." Nickens, from the firm of Nickens, Keeton, Lawless, Farrell & Flack LLP from Houston. So far Stanford represented himself in the court explaining it by the fact that he could not afford a lawyer on account of his assets’ being frozen by authorities.

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Texas famous Dick DeGuerin may represent Allen Stanford in the court

March 25, 2009 - 4:01am | Fraud | News

Since last month when the Securities and Exchange Commission charged Allen Stanford with running an $8 billion Ponzi scheme the alleged scammer hasn’t had a full-time lawyer representing him. According to the latest reports by the Register there are some speculations that high-powered Houston attorney Dick DeGuerin is viewed as a potential candidate.

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SEC is not going to seize Allen Stanford’s assets?

February 24, 2009 - 2:25am | News | Other themes

Assets of Allen Stanford on St-Croix were not seized on Monday even after a court-assigned receiver reportedly arrived on the Caribbean islands. The U.S. regulators didn’t touch any of millions of dollars in Stanford’s assets on St.-Croix which include a 120-foot yacht called the Sea Eagle Bikini and a $7.7 million mansion in Christiansted, St. Croix's largest city.

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Panic withdrawals from Stanford causes Venezuela to seize the bank

February 20, 2009 - 3:40am | Banks and internet banks | News

On Thursday February 19 Venezuelan authorities seized a local branch of the Allen Stanford’s bank in order to impede massive withdrawals made online by the panicking consumers as the U.S. government initiated a fraud lawsuit against the Texan billionaire. The administration of Hugo Chavez announced that the Stanford Bank Venezuela, which is one of the country's smallest commercial banks, will be sold immediately and that there are some potential buyers available.

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Allen Stanford’s religious views prevented online gambling catastrophe

February 20, 2009 - 3:33am | News | Other themes

In light of the FBI’s investigation started against Antigua's largest bank Stanford International Bank Gambling911.com website expressed a common joy in regards of Allen Stanford’s refusal to deal with casino and gambling businesses. As long as Antigua has long been the banking epicenter for the online gambling industry the whole sector could have gone to hell if Stanford Bank had kept assets of Internet gambling players.

Allen Stanford | FBI | Internet casino | online gabling | Stanford International Bank

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