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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

Allen Stanford Denies Ponzi Scheme

Allen Stanford Denies Ponzi Scheme

Laura Pendergest-Holt Of Stanford Financial Group Arrested

“Laura Pendergest-Holt, the chief investment officer of Houston-based Stanford Financial Group (SFG), was arrested today by agents of the FBI’s Houston Field Office on a criminal complaint charging her with obstruction of a proceeding before an agency of the United States, announced Acting Assistant Attorney General of the Criminal Division Rita M. Glavin and Special Agent in Charge of the Houston Division of the FBI, Andrew R. Bland, III. Pendergest-Holt will make her initial appearance on Friday, Feb. 27, 2009, before U.S. Magistrate Mary Milloy at the federal courthouse in Houston.” [Link]

FBI Finds Allen Stanford

“Jet-setting Texas billionaire R. Allen Stanford — missing since he was accused in a civil lawsuit of a ‘massive’ $8 billion fraud — has surfaced in Fredericksburg, Va., the FBI says. FBI spokesman Richard Kolko says FBI agents, acting at the request of the Securities and Exchange Commission, served Stanford with civil legal papers Thursday.” [Link]

$200 Million In Missed Taxes For Allen Stanford

“Public records show disgraced financier R. Allen Stanford owes hundreds of millions of dollars in federal taxes. The records show four federal tax liens against Stanford totaling more than $212 million. The liens are from 2007 and 2008.” [Link]

SEC Charges R. Allen Stanford With Fraud

Allen Stanford picture

“Federal regulators on Tuesday charged Texas financier R. Allen Stanford and three of his companies with a “massive” fraud that centered around high-interest-rate certificate of deposits. In a complaint filed in federal court in Dallas, the Securities and Exchange Commission alleged Stanford orchestrated a fudulent investment scheme centered on an $8 billion CD program that promised “improbable and unsubstantiated high interest rates.”" [Link]