U.S. Accuses Texas Stanford Financial Group of $8 Billion Fraud
Posted by randomnews.net on 17 February, 2009
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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 [...]
