Friday, June 19, 2009

Cricket billionaire Allen Stanford hands himself in to face ... - Daily Mail

Texas billionaire Allen Stanford is due before a court later today on massive fraud charges after surrendering to FBI agents.

Thechairman of the troubled Stanford Financial Group handed himself in topolice, who were hiding in black SUVs outside a house in Fredricksburg,Virginia.


'When they said they did, he surrendered.' A grand jury in Houston has been investigating Stanford FinancialGroup.


The Securities and Exchange Commission (SEC) filed civil chargesearlier this year claiming Stanford and his top executives conducted an £6.2billion  fraud.



Full Story: Cricket billionaire Allen Stanford hands himself in to face ... - Daily Mail

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