Stanford flies in to face justice

Cricket entrepreneur and suspected fraudster Allen Stanford was due in Texas today to face federal charges he ran a €5bn swindle with his international banking empire.

Stanford flies in to face justice
Tue, 23 Jun, 2009 - 12:24

Cricket entrepreneur and suspected fraudster Allen Stanford was due in Texas today to face federal charges he ran a €5bn swindle with his international banking empire.

A federal grand jury in Houston has indicted Stanford and six executives of Stanford Financial Group, accusing them of orchestrating the massive fraud by advising clients to buy certificates of deposit from the Antigua-based Stanford International Bank.

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