FlickrDid Allen Stanford's local employees try to cover up his crime?The first criminal trial in the Stanford Financial Group fraud is under way, and it ain't pretty for the local branch. In opening remarks of a trial that began Monday in Miami, prosecutors told the jury that Thomas Raffanello an ... More >>
Flickr User: jennifer hThe Sears Willis TowerApparently, Chicago's black community is not keen on the name "Willis," which last month was affixed to what had always been the Sears Tower, the city's tallest building. And it's not because it has suspicions about Willis Group Holdings, the London-ba ... More >>
StanfordThomas Cash, who lives in Fort Lauderdale but who for years has been the chairman of Kroll, Inc., the risk consulting firm in Miami, resigned from that position last week amid allegations that he helped mislead investors who sustained losses in the alleged Ponzi scheme for which Allen Sta ... More >>
Photo: Caribbean CricketStanford: Texas ToastGEO Group and Stanford Group: two very rich businesses with offices in Boca Raton, which have both recently caught flak for acting unethically in their respective industries. Totally unrelated, except for one cruel twist of fate: Allen Stanford, awaiti ... More >>
R. Allen Stanford, the billionaire head of Houston-based Stanford Financial Group, which kept offices in Boca Raton and Miami, among other markets, was indicted today on charges of fraud and obstruction of justice. Our sister blog Riptide has a report.
allenstanford.comR. Allen StanfordThis Stanford Group case keeps getting uglier. Stanford employees gave over $31, 000 to Barack Obama's presidential campaign and over $28,000 to Republican candidate Sen. John McCain.The only good news: FBI agents found alleged $8 billion fraudster Allen Stanford in ... More >>
As we reported on this blog Friday, speculation has been flying through the financial community that Stanford et al could be operating an enormous Ponzi scheme a la Bernie Madoff. Now it's official: The US Securities and Exchange Commission filed suit in Dallas Monday against Stanford ... More >>
Speculation is rampant in the financial press that R. Allen Stanford -- who Forbes magazine estimates to have a fortune of $2.2 billion, making him #205 on their list of wealthiest Americans -- is the next Bernie Madoff. Forbes says Stanford Financial Group has $51 billion in assets under ... More >>