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Allen Stanford

Newsday's coverage

  • Court: Stanford investor suits can go forward

    -- Investors who lost billions in a massive Ponzi scheme orchestrated by convicted former Texas tycoon R. Allen Stanford won a legal victory Monday as a federal appeals court decided to let their class action lawsuits go forward against individuals and companies   Read more »

  • Antigua PM seeks to help recover Stanford funds

    work with other agencies to try to help recover money that victims across the globe lost to convicted Texas tycoon R. Allen Stanford through his bank based on the Caribbean island. Baldwin Spencer did not give details of that cooperation when he spoke briefly   Read more »

  • Financier Stanford convicted in $7 billion fraud

    -- Texas tycoon R. Allen Stanford , whose financial empire once spanned the Americas, was convicted Tuesday on all but one of the 14 counts he faced for allegedly bilking investors out of more than $7 billion in massive Ponzi schemes he operated for 20 years.Jurors   Read more »

  • Prosecutor: Hard drives erased in Stanford case

    -- A prosecutor has told jurors at Texas tycoon R. Allen Stanford 's fraud trial that computer hard drives belonging to the outside auditor for Stanford's Caribbean bank apparently were erased after the auditor died.The prosecutor's comment came during questioning   Read more »

  • Accountant: Stanford's bank properly audited

    -- There was nothing "extravagant" about millions that were paid to the outside auditor of jailed Texas tycoon R. Allen Stanford 's Caribbean bank, an accounting told jurors Thursday at the financier's fraud trial.Prosecutors allege the bank was at the center   Read more »

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About Allen Stanford

Sir Robert Allen Stanford (born March 24, 1950) is a prominent financier, philanthropist, and sponsor of professional sports, who has been charged with fraud. Stanford is the chairman of the privately held, wholly owned Stanford Financial Group of Companies. A fifth-generation Texan who resides in St. Croix, U.S. Virgin Islands, he holds dual citizenship, being a citizen of Antigua and Barbuda and a United States citizen. Stanford was the first American to be knighted by that Commonwealth nation and was presented with the honor by the then Governor-General of Antigua and Barbuda, Sir James Carlisle.

from Wikipedia