Tuesday 6 March 2012

BUSTED: Stanford found guilty


Financier and cricket mogul Allen Stanford has been found guilty by a court in Houston, Texas, of running a $7bn Ponzi scheme.
Stanford, 61, was convicted on 13 of the 14 charges.
He had pleaded not guilty to defrauding some 30 000 investors with bogus investments through his Stanford International Bank.
Prosecutors said he issued fraudulent certificates of deposit through the offshore bank in Antigua.
The jury found him not guilty of one charge of wire fraud. (BBC)

No comments:

Post a Comment