Allen Stanford

Billionaire brothers Samuel and Charles Wyly were charged Thursday by the SEC with orchestrating a 13-year-long securities fraud that reaped them $550 million in undisclosed gains that were hidden in a series of transactions in offshore tax havens.

On Tuesday, the New York Post reported that Bernie Madoff got into his first prison fight. Apparently, he and another inmate were arguing about the stock market when the discussion escalated into shouts. Madoff's unnamed assailant shoved him and Madoff shoved back, knocking the man down. According...

Disgraced Texas financier R. Allen Stanford was beaten up in jail and needed to be hospitalized over the weekend, according to several media sources. After being treated for minor injuries, Stanford was returned to the Joe Corley Detention Facility in Conroe, Texas, on Sunday.

Someone needs to remind R. Allen Stanford that he isn't rich any more. Getting ready to stand trial for a variety of hefty charges, he wanted a strong attorney, particularly Robert Luskin, the Washington-based legal guru who represented Karl Rove. Instead, he's been appointed a federal public...

On page 15 of a settlement document with the government, James Davis, the financial chief of the operations controlled by Allen Stanford, says that Stanford and the chief bank regulator of Stanford's bank in Antigua sealed a blood oath in 2003 by cutting their hands and mixing their blood. After...

The SEC figures it is having trouble catching the bad guys. It has taken a lot of blame for missing signs of Bernie Madoff's schemes. Two of its own lawyers may have been involved in insider trading. The solution, according to the agency's inspector general, is to aggressively offer incentives to...

In what should come as a shock to no one, accused swindler Allen Stanford pleaded not guilty to fraud charges in Texas yesterday. The U.S. Magistrate judge who decided Stanford's fate determined that a $100,000 cash deposit and a plan to pay $500,000 was enough for bail (although some outlets are...

R. Allen Stanford, the billionaire investor whose firm has been under investigation for allegedly defrauding clients, was indicted by a Houston grand jury and taken into custody Thursday night, according to news reports. Stanford surrendered to law enforcement agents at his girlfriend's Virginia...

The latest news in the case of the alleged $8 billion Ponzi shceme perpetrated by Allen Stanford is that... he says he didn't do it. Now isn't that clever and unexpected? In an interview with ABC News, Stanford apparently said he didn't really run a Ponzi scheme, and he'd "die and go to hell" if...

When Scott M. Polakoff was named Deputy Director of the Office of Thrift Supervision in 2005, his boss praised him, saying the career bureaucrat "will be a valuable asset to OTS and the OTS mission." Now, he is at the center of an investigation into whether the bank regulator allowed companies...