News on Allen Stanford

Stanford Legal Fees

2010-08-24T12:30:28Z

R. Allen Stanford arrives in custody at the federal courthouse for a hearing Tuesday, Aug. 24, 2010 in Houston. Stanford and three of his former company executives have racked up millions of dollars in legal fees as they defend themselves against charges they bilked investors out of $7 billion in a massive Ponzi scheme. An insurance policy has thus far covered their legal bil...

Stanford Legal Woes

2010-07-03T11:00:21Z

In this June 17, 2010 photo, Bob Bennett, current lead attorney for jailed Texas financier R. Allen Stanford, answers a question during an interview in Houston. The criminal and civil cases arising from charges Stanford bilked investors out of $7 billion in a massive Ponzi scheme h...

Ponzi Nation

2010-03-28T23:03:00Z

FILE - In this June 29, 2009 file photo, billionaire R. Allen Stanford smiles as he is escorted out of the federal courthouse in Houston. In 2009, the recession prompted the unraveling of more than three times as many of the investment schemes compared with 2008, with "Ponzi" becoming a household name again thanks to the collapse of R. Allen Stanford arrives at the federal courthouse for a hearing Thursday, Dec. 17, 2009 in Houston. The government has accused Stanford in civil and criminal charges of running a US$7 billion Ponzi scheme. (AP Photo/Pat Sullivan)

Stanford Money

2010-03-30T14:31:26Z

FILE - In this Sept. 15, 2009 file photo, financier R. Allen Stanford steps off a prison transport bus at the federal courthouse for a hearing in Houston. The lawyer tracking down money lost in what authorities say was a massive Ponzi scheme run by Stanford says he hopes to gain control of more than $1.5 billion that would be then returned to fleeced investors. (AP Photo/