The lawyer appointed to unravel what the government calls a multibillion-dollar Ponzi scheme run by Texas businessman R. Allen Stanford is firing back at critics.
texas businessmanRunaway receiver at odds with SEC in Stanford caseNewsvine - business Fri, 08/14/2009 - 09:55
The attorney supposed to clean up what the government says was Texas businessman R. Allen Stanford's multibillion-dollar Ponzi scheme is managing to anger just about every party involved in the case. Huge shortfall found at Stanford Caribbean bankNewsvine - business Fri, 05/15/2009 - 12:26
The Caribbean offshore bank at the center of an alleged Ponzi scheme by a wealthy Texas businessman has a $6 billion shortfall between assets and liabilities, a court-appointed liquidator reported Friday, confirming fears that investors will likely get little of their money back. |
