Tag Archives | SEC investigation

Stanford: “I’m Not A Damn Swindler”

Allen Stanford stands accused of running an $8bn ponzi scheme involving fraudulent certificates of deposit, but the financier came out with all guns blazing in a recent interview at the office of his criminal defense lawyer. Although the SEC has described his operation as a “massive, ongoing fraud” Stanford feels fundamentally misunderstood. “The SEC far […]

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Offshore Banking Update: SEC Statement on Standford Charges

The knives are out….SEC Release: The Securities and Exchange Commission today charged Robert Allen Stanford and three of his companies for orchestrating a fraudulent, multi-billion dollar investment scheme centering on an $8 billion CD program. Stanford’s companies include Antiguan-based Stanford International Bank (SIB), Houston-based broker-dealer and investment adviser Stanford Group Company (SGC), and investment adviser […]

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Sir Allen Stanford

Stanford International Bank Under FBI Investigation

FBI agents are investigating Antigua-based Stanford International Bank, owned by Texan billionaire Sir Allen Stanford. The bank has come under scrutiny because it offers CD’s with returns at twice the rate of ‘conventional’ banks. Former employees have also witnessed ”unethical and illegal practices”, reports the times of London. Mark Tidwell and Charles Rawl alledge that […]

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