Allen Stanford indicted again as prosecutors drop seven of 21 criminal charges

Stanford

R. Allen Stanford, the Texas financier accused by U.S. prosecutors of leading a $7 billion investor fraud scheme, was indicted again and accused of seven fewer counts than previously.

Prosecutors filed a revised charging document yesterday in U.S. District Court in Houston. Stanford, who has denied all allegations of wrongdoing, has been in federal custody since June 2009 awaiting trial.

Stanford is accused of defrauding investors who bought certificates of deposit issued by his Antigua-based Stanford International Bank Ltd. by misleading them about the nature of the investments and their regulatory oversight.

CLICK HERE TO FULL STORY

Copyright 2012 Dominica News Online, DURAVISION INC. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.

Disclaimer: The comments posted do not necessarily reflect the views of DominicaNewsOnline.com and its parent company or any individual staff member. All comments are posted subject to approval by DominicaNewsOnline.com. We never censor based on political or ideological points of view, but we do try to maintain a sensible balance between free speech and responsible moderating.

We will delete comments that:

  • contain any material which violates or infringes the rights of any person, are defamatory or harassing or are purely ad hominem attacks
  • a reasonable person would consider abusive or profane
  • contain material which violates or encourages others to violate any applicable law
  • promote prejudice or prejudicial hatred of any kind
  • refer to people arrested or charged with a crime as though they had been found guilty
  • contain links to "chain letters", pornographic or obscene movies or graphic images
  • are off-topic and/or excessively long

See our full comment/user policy/agreement.

4 Comments

  1. PATRIOT
    May 8, 2011

    I THINK HIS INTENTION WAS NOBLE IT JUST BACKFIRED. THERE ARE SOME WHO ARE WEALTHY TODAY BECAUSE OF HIM, GOOD LUCK BUDDY!!!

  2. jersey girl..
    May 7, 2011

    inspite of what he did or how he made his money there are many people who lived a better life because of him….shit can happen to anyone….dont be drinking champage on his down fall instead look into your own life and correct your shit …..who knows you maybe someone’s bitch in jail someday…..

  3. The shoe salesperson
    May 7, 2011

    I often wonder what is taking my compartriots so long to sling that lad for all his decietful deeds ,arrogance how I abhor the aforementioned. left to me this lad would be up by stock-farm serving as…………to other inmates for at least another 25 yrs.
    I ‘d trnsform the villas into a gigiantic laundrymart and let bubbles be the manager let him make chim.

  4. Who the shoe fits!!
    May 6, 2011

    Who would have thought that the great sponsor of 20/20 cricket would be in this position now? Those in high places better take note – ninety-nine days for the thief, one day for the guard.

Post a Comment

Your email address will not be published. Required fields are marked *

:) :-D :wink: :( 8-O :lol: :-| :cry: 8) :-? :-P :-x :?: :oops: :twisted: :mrgreen: more »

 characters available