The Securities and Exchange Commission accused r. allen stanford, the chief of the Stanford Financial Group, on Tuesday of conducting “a massive ongoing fraud” in the sale of about $8 billion of high-yielding certificates of deposit held in the firm’s bank in Antigua. Also named in the suit were two other executives and some affiliates of the financial group

Shortly after 10 a.m. Central time, about 40 police officers and other law enforcement officials simultaneously entered stanford financial Groups two office buildings in Houston. Many of the law enforcement personnel carried large black briefcases. Stanford group’s headquarters are in two offices in Houston, one within a tower of the Houston Galleria shopping mall, and the other across the street.

Yet again this may casue yet another financial group to crumble.

• Facebook Worm - Facebook Gets New Strain of Koobface Worm [ad#news] Yes it had to happen. Facebook the largest community on the planet has had a battering by a worm. The koobface worm is a type of web application virus. Security experts warn the users of the massively popular online social networks to be watchful and use caution when on......
• Port Jackson Shark Found on Newspapers Doorstep. A Port Jackson Shark (heterodontus portusjacksoni) as been found live on Newspapers Doorstep in Victoria State in Australia. Police in Australia say they are "flabbergasted” as to how and why the   The two-foot (60cm) fish was found lying at the front doorstep of The Standard in Warrnambool city......
• Breathe Responsibly, Enter the Walk-in Cocktail Bar Are you sick of been bombarded about drinking responsibly. Well customers entering a new cocktail bar where they are literally enveloped in a mist of alcohol are warned to breathe responsibly. Just 40 minutes inside the venue - which delivers an intoxicating vapour of gin and tonic - will leave......
• Now you can be Cinderella as the glass slipper project Chicago receives thousands of Prom dresses Hundreds of teens will be able to dress for there prom in style, thanks to the generosity of Chicago area residents. The Glass Slipper Project has received 3,000 dresses and more than 150 pairs of shoes from Zengeler cleaners. It's the seventh year that the north suburban company has collected......
• Now Meet the Real Wonder Bra, Bullet bounces off bra Saving Womans Life A US woman had a lucky escape when a burglar's bullet bounced off the metal underwire of her bra. Police in the city of Detroit said one of three intruders fired a shot when the woman looked out of her window and saw them raiding the house next door. The......

• Finding Unclaimed and Abandoned Money and Property With years under our belts, baby boomers have had many opportunities to lose and forget about money and other property that belonged to them. This is officially called "unclaimed property" by federal and state government. It makes sense at our age to find out if we have any unclaimed property......
• Why Certificates of Deposit Are A Good Idea Today's article is written by guest blogger Jim of Bargaineering. If you've saved up a few dollars and aren't sure if you should put them in the stock market or stick them in your mattress, let me give you another suggestion: put your funds into a certificate of deposit (CD).......
• Are Certificate of Deposits (CDs) worth it? I can't be the only one out there, but I can't grasp why people would do invest/purchase a Certificate of Deposit (CD).  Specifically, I am focusing on the 1 year CD because anything shorter has terrible yields and anything longer poses too much of an interest rate risk for my......
• Interest rates & certificates of deposit I currently have my emergency fund in an online bank called UFB Direct. I've called and emailed them with questions in the past, and they have always responded promptly and personally. No form letters from them! The people I've talked to here actually cared. So I'm a big fan of......
• Save Time, Money and Space in Over 80 Ways If you're looking for handy gadgets, tools and various items that can save you time, money or space (or all three!) this list of more than 80 top products is just what you need. Everyone's got saving money on their minds these days. Some of us are always looking to......