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Accused Ponzi Scheme Operator Allen Stanford Arrested By FBI

“Stanford, 59, was taken into custody yesterday by FBI agents who were waiting outside his girlfriend’s house in Fredericksburg, Va., said Dick DeGuerin, an attorney for the Texas financier. ” Link

You might want to check out the documentary tonight called “Secrets of the Knight: Sir Allen Stanford and the Missing Billions,” which airs on CNBC at 9pm EST. CNBC’s Scott Cohn and Hampton Pearson investigate what authorities have called a “massive $8 billion Ponzi scheme.” For more information check out: http://bit.ly/TeFUY