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Financial News

Friday June 19, 05:36 PM

 

 

Sir Allen Stanford it accused of running a huge Ponzi scheme

By Max Nash

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Texan billionaire financier Allen Stanford, seen here in London in 2008, and four others were Friday charged with fraud, money laundering and obstruction in an eight-billion-dollar scam, court documents showed. Texan billionaire financier Allen Stanford, seen here in London in 2008, and four others were Friday charged with fraud, money laundering and obstruction in an eight-billion-dollar scam, court documents showed.


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