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Allen Stanford: June 2009

Stanford Indicted On Criminal Charges

Zachary Roth | June 19, 2009, 1:12PM

The bell has finally tolled for Allen Stanford.

Federal prosecutors today filed a criminal indictment against the billionaire Texan, as well as three other Stanford Financial Group executives and the former head of the Antiguan bank regulatory agency, charging them with helping to orchestrate a $7 billion Ponzi scheme.

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Allen Stanford, Financial Crisis, Justice Department, Stanford Financial Group

Allen Stanford

Allen Stanford's New Lawyers: Admiralty And Maritime Law Experts

Zachary Roth | June 8, 2009, 5:56PM

Remember our old friend Allen Stanford? Matthew Goldstein, who had been covering the Stanford story closely at BusinessWeek, and has now moved to Reuters, has an interesting catch about the cricket-loving billionaire's curious legal strategy.

Goldstein reports that Stanford last week replaced his civil defense team with a group of lawyers from the Gulf Law Group, a little-known Washington, DC-based firm.