Feds probe banker Allen Stanford's ties to Congress

December 27, 2009

The ties between indicted banker Allen Stanford and members of Congress -- including millions in contributions and weekends in five-star Caribbean resorts -- are now the subject of a sweeping federal investigation... Read more!

Stanford victims ask why Texas didn't act sooner

November 26, 2009
By Brian Gaar

Investors who lost money in the Houston financier's alleged Ponzi scheme now say the state's financial oversight was too lax... Read more!

Stanford lawyers and Lloyd's of London butt heads in court

November 19, 2009
By MARY FLOOD

R. Allen Stanford sat in court glumly for three hours Tuesday while a dozen lawyers debated whether insurance should pay for his criminal attorneys and whether those lawyers will have to report to a civil receiver when they find something new... Read more!

Miami's ex-DEA chief could escape charge in Allen Stanford case

November 3, 2009
By Rob Barry and Michael Sallah

In a blow to prosecutors, a federal judge Monday called for the dismissal of an obstruction charge against Miami's former DEA chief in the Allen Stanford bank fraud case... Read more!

Receiver Goes after Law Firms

October 5, 2009
By Hazra C Medica

Court-appointed receiver Ralph Janvey has turned the spotlight on two law firms. The Miami Herald reported over the weekend that Janvey, who has been working with federal agents, is now pressing for more information directly from Stanford's lawyers... Read more!

Finra Missed Chances to Catch Stanford and Madoff

October 2, 2009
By Joshua Gallu, David Scheer and Ian Katz

The Financial Industry Regulatory Authority didn't fully probe transactions at Bernard Madoff's firm and repeatedly failed to investigate tips about R. Allen Stanford's alleged $7 billion fraud, an internal report found... Read more!

Stanford scam bilked Jews out of millions

September 23, 2009
By Todd Bensman

A GlobalPost Passport investigation finds that the $8 billion Stanford Ponzi scheme - the world's second largest - decimated the savings of Jews in Mexico City and Caracas. Were Jews explicitly targeted, or were they easy prey?... Read more!

Former agent goes to court on Stanford-related charge

September 13, 2009

A former top federal drug agent appeared handcuffed in a Fort Lauderdale, Fla., federal court today, a day after he was indicted on charges related to the Stanford Financial Group fraud case... Read more!

Toronto-Dominion Sued Over Stanford Investments

September 4, 2009
By Joe Schneider

Toronto-Dominion Bank, Canada's second-biggest bank, was accused in a lawsuit of negligence and knowing assistance for allegedly helping R. Allen Stanford, who is accused of swindling investors of more than $7 billion, the National Post reported... Read more!

Stanford Investors Accuse Lawyer, Law Firm of Aiding Fraud

August 29, 2009
By Andrew Harris

Three people who say they invested with R. Allen Stanford, the Texas financier accused of running a $7 billion fraud, sued New York law firm Proskauer Rose LLP and attorney Thomas Sjoblom, accusing them of aiding the deception... Read more!

Ex-Stanford CFO Davis Pleads Guilty in Fraud Case

August 28, 2009

James M. Davis, admitted three felony counts today before U.S. District Judge David Hittner in Houston and agreed to forfeit $1 billion. Davis has been "cooperating like crazy" with authorities investigating the company... Read more!

Lawsuit against TN Bank, HSBC, TD Bank, SG Private Banking (SUISSE), and BOH

August 25, 2009
By Peter Morgenstern

Victims of Stanford International Bank, Ltd., part of R. Allen Stanford's Stanford Finanical Group, filed a class action lawsuit in Texas state court in Houston on August 23, alleging that Trustmark National Bank, HSBC Bank PLC, The Toronto-Dominion Bank, SG Private Banking (Suisse) S.A., and Bank of Houston provided essential assistance to Stanford in one of the largest financial crimes in history... Read more!

Stanford's Shredded Florida Papers Being Reassembled

July 24, 2009
By Laurel Brubaker Calkins

Shredded documents seized from R. Allen Stanford's South Florida offices are being pieced back together by prosecutors probing allegations the Texas financier ran a $7 billion Ponzi scheme... Read more!

Stanford "was informant for US anti-drug agents"

July 17, 2009

Sir Allen Stanford, the Texan billionaire who ploughed millions of pounds into English cricket, may have been working as an informant for American anti-drug agents in return for official protection which gave him free rein to run his banking empire, it emerged yesterday... Read more!

OPEN LETTER TO US PRESIDENT BARACK OBAMA

July 15, 2009
By Stanford Victims Coalition

We ask the US government to explore all options to help Stanford victims recover their losses and to address the legislative need for compensation for those who suffer catastrophic losses when compliance requirements are not appropriately enforced by government regulators... Read more!

Class Action Suit filed against Antigua

July 13, 2009
By Peter Morgenstern

A major international class action lawsuit was filed today by attorney Peter Morgenstern on behalf of all Stanford International Bank-Antigua victims. The suit is against the Commonwealth of Antigua and Barbuda for claims of $24 Billion under the RICO Act... Read more!

HSBC acted as Correspondant Bank to Stanford

July 12, 2009

While no Stanford financial company had any presence in the UK, they used the British banking system through HSBC London as their correspondent bank for all deposits in Sterling and Euros... Read more!

Florida banking agency helped Stanford set up unregulated office to sell his CDs

July 5, 2009

Florida regulators - over objections by the state's top banking lawyer - gave sweeping powers to banker Allen Stanford, accused of swindling investors of $7 billion... Read more!

R. Allen Stanford and Miami-based Greenberg Traurig

July 5, 2009

Why is it always Greenberg Traurig?
Miami Herald runs an excellent story on R. Allen Stanford (charged with multi-billion fraud) and a new angle: the stage was set for Stanford's multi-billion fraud in 1998, the year Stanford persuaded Florida banking regulators to grant his company special rights to open a Miami office outside the scrutiny of federal banking regulators... Read more!

Indictment vs. Robert Allen Stanford

June 18, 2009
U.S. Department of Justice

Conspiracy to Commit Mail, Wire and Securities Fraud (Violation of 18 U.S.C. § 371)
Stanford Financial Group (SFG) was the parent company of Stanford Internatioon Bank, Ltd. and a web of other affiliated financial services entities, including Stanford Group Company... Read more!

The NASD, the SEC and the DOJ did not disclose critical information

June 16, 2009

The NASD and the DOJ received numerous reports of the fraud being carried on by Stanford Group over the past decade and the least they could have done was disclose that information so investors could make an informed decision... Read more!

DOJ Halted SEC's Investigation Into Stanford Financial

June 5, 2009
By Kathryn Glass | FOXBusiness

The Securities and Exchange Commission [SEC] was told to stand down in its investigation of billionaire financier Robert Allen Stanford's global banking empire by the Department of Justice, according to the chairman of the Domestic Policy Subcommittee of the Oversight and Government Reform Committee... Read more!

Texas Department of Banking

May 15, 2009
Press Release in 2001

Texas Banking Commissioner And Antigua & Barbuda International Financial Sector Regulatory Authority Sign Agreement On Information Sharing... Read more!

Financial advisers in BR accused of negligence

May 13, 2009
By JOE GYAN JR.

A third lawsuit in as many months has been filed in state district court in Baton Rouge against Stanford Group Co. financial advisers in Baton Rouge and Houston... Read more!

BR-area residents sue six Stanford advisers

April 25, 2009
By JOE GYAN JR.

A half dozen Baton Rouge-area residents, including developer Mike Wampold III, filed suit Friday against Stanford Group Co. financial adviser Jason Green, of Baton Rouge, and five other Stanford brokers... Read more!

RECEIVER'S COMPLAINT NAMING STANFORD FINANCIAL GROUP ADVISORS AS RELIEF DEFENDANTS

April 15, 2009

Receiver Ralph S. Janvey files this Complaint to add as relief defendants a group of financial advisors formerly employed by Defendant Stanford Group Company ("SGC") and paid huge commissions, front-end loans, and other compensation for soliciting their clients to purchase fraudulent certificates of deposit from SGC's affiliate, Defendant Stanford International Bank, Ltd. ("SIB")... Read more!