texas billionaire

The R. Allen Stanford who arrived at the Houston federal courthouse in shackles today to start his $7 billion investment fraud trial is far different from the Texas billionaire prosecutors indicted 2 1/2 years ago.

A U.S. Marshals Service spokesman says jailed Texas billionaire R. Allen Stanford is being treated at a hospital after being injured during a fight with another inmate.

A former financial adviser with R. Allen Stanford's financial company told a U.S. Senate panel on Monday that she warned the Securities and Exchange Commission about the firm's hawking of shady investments five years before it closed the firm and accused the Texas billionaire of running a Ponzi scheme.

A federal judge ruled Friday that a court-appointed receiver who took over companies run by Texas billionaire R.

Allen Stanford can recover only the interest — not the principal — on investments that federal prosecutors say fed a multibillion-dollar Ponzi scheme.

James M. Davis, the chief lieutenant of R. Allen Stanford , will plead guilty to fraud and conspiracy after reaching an agreement to cooperate with prosecutors in their case against the Texas billionaire, his lawyer said on Wednesday.

A judge revoked bond for R. Allen Stanford, the Texas billionaire accused of masterminding a $7 billion fraud.

A federal magistrate judge set bond at $500,000 Thursday for Texas billionaire R. Allen Stanford but delayed her order until Friday to give prosecutors time to appeal her decision.

The Texas billionaire, who is accused of running a $7 billion Ponzi scheme, told a federal magistrate in Houston that he was not guilty of fraud and conspiracy charges.

Billionaire R. Allen Stanford has been returned to Texas by authorities to face federal charges he ran a $7 billion scheme to defraud investors with his international banking empire.

Thu, Jun 18, 2009 The attorney for R. Allen Stanford, chairman of troubled Stanford Financial Group, says the Texas billionaire has surrendered to FBI agents in Virginia.