August 14, 2013
by Theresa Donovan
A judge for the US District Court for the Southern District of Florida on Monday dismissed a lawsuit against the Securities Exchange Commission (SEC) regarding the agency's failure to report Allen Stanford and his Ponzi scheme. Judge Robert Scola stated that the SEC market regulator was shielded ...[read more]
September 10, 2012
by Michael Haggerson
A judge for the US District Court for the District of Southern of Florida ruled Friday that a suit against the Securities Exchange Commission (SEC) over the agency's failure to report Allen Stanford and his Ponzi scheme may proceed. The suit alleges that the SEC had identified that Stanford was ...[read more]
June 14, 2012
by Sung Un Kim
A judge for the US District Court for the Southern District of Texas on Thursday sentenced Allen Stanford to 110 years in prison without parole. Judge David Hittner reduced the sentence from the 230 years originally requested by the prosecution last week for his $7 billion Ponzi scheme. Defense ...[read more]
June 8, 2012
by Sarah Posner
Federal prosecutors urged a judge on Wednesday to give Allen Stanford the maximum sentence of 230 years in prison for his involvement in a $47 million Ponzi scheme. This would be the maximum sentence under federal sentencing guidelines and 90 more years than Bernard Madoff received in 2009. ...[read more]
March 23, 2012
by Sung Un Kim
A judge for the US District Court for the Southern District of Texas on Thursday rejected the motion for new trial filed by Allen Stanford. Judge David Hittner did not provide any reason for his ruling. The order came just one day after Stanford's lawyers argued that their client was deprived of ...[read more]
March 21, 2012
by Katherine Getty
The US Court of Appeals for the Fifth Circuit ruled Monday that victims of the $7 million Ponzi scheme orchestrated by Allen Stanford may pursue a class action lawsuit. Stanford was convicted of defrauding victims in America and in Latin America. Monday's decision overturned a lower court decision ...[read more]
March 13, 2012
by Garrett Eisenhour
On March 13, 2009, a judge for the US District Court for the Northern District of Texas ordered the assets of financier Allen Stanford indefinitely frozen at the request of the US Securities and Exchange Commission (SEC). Stanford faced charges relating to his orchestration of a $8 billion ...[read more]
March 6, 2012
by Jaclyn Belczyk
A jury in the US District Court for the Southern District of Texas on Tuesday convicted financier Allen Stanford on charges of orchestrating a $7 billion Ponzi scheme affecting investors in both the US and Latin America. Stanford was convicted on 13 of 14 charges, including conspiracy to commit ...[read more]
December 23, 2011
by Sarah Posner
A federal judge ruled Thursday that financier Allen Stanford is mentally competent to stand trial for orchestrating a $7 billion Ponzi scheme affecting investors in both the US and Latin America. The decision came after a three-day hearing in which U.S. District Judge David Hittner decided that ...[read more]
February 18, 2011
by Carrie Schimizzi
former financier Allen Stanford, accused of defrauding investors out of $7 billion in a Ponzi scheme, filed a lawsuit Wednesday accusing federal agents of violating his constitutional rights. The suit, filed in the US District Court for the Southern District of Texas, names 12 defendants, ...[read more]

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