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Financial News

Friday June 26, 04:43 AM

 

 

Allen Stanford arrives for a bond hearing at the Bob Casey Federal Courthouse in Houston, Texas

By Dave Einsel

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Allen Stanford arrives for a bond hearing at the Bob Casey Federal Courthouse in Houston, Texas. Stanford, chairman and CEO of Stanford Financial, has been indicted on 21 counts of conspiracy, wire fraud, mail fraud and obstruction of justice, and conspiracy to launder money in a $7 billion fraud involving certificates of deposit issued by his offshore bank in Antigua. Allen Stanford arrives for a bond hearing at the Bob Casey Federal Courthouse in Houston, Texas. Stanford, chairman and CEO of Stanford Financial, has been indicted on 21 counts of conspiracy, wire fraud, mail fraud and obstruction of justice, and conspiracy to launder money in a $7 billion fraud involving certificates of deposit issued by his offshore bank in Antigua.


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