STANFORD TRIAL FINALLY UNDER WAY
January 1st, 2012
BY LEAH GERMAIN, IN EDMONTON
THE TRIAL of Texas-banker Allen Stanford, accused of defrauding investors out of US dollars USD7 billion began in a Houston court room on Tuesday January 24th, nearly three years after the original charges were laid. Mr Stanford, who owned and operated the Antigua-based Stanford International Bank, was originally arrested in 2009 and is accused of 14 different counts of defrauding over 30,000 investors from over 113 countries.
According to prosecutors, Stanford, 61 years-old, used lies and bribery to build a financial empire he took ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.