HOUSTON (AP) -- Former Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas and made him fabulously wealthy, was convicted Tuesday of bilking his investors out of more than ...

HOUSTON (AP) – Two former associates of R. Allen Stanford have been convicted of fraud for trying to help the imprisoned Texas financier conceal a $7 billion Ponzi scheme. Prosecutors in Houston say ...

WASHINGTON -- Texas billionaire R. Allen Stanford was indicted and jailed Friday on charges that his international banking empire was a Ponzi scheme built on lies, bluster and bribery. The Justice ...

An administrative law judge has found Bernerd Young, who served as chief compliance officer for convicted Ponzi schemer Allen Stanford’s now-defunct brokerage, liable for securities fraud. The judge’s ...

HOUSTON — Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was convicted Tuesday on all but one of the 14 counts he faced for allegedly bilking investors out of more ...

Not having much insight into what may happen next in the case of a fraud orchestrated by Robert Allen Stanford, many of the victims sold the rights to any future payout. By Matthew Goldstein The ...

Financial history is filled with examples of fortunes disappearing overnight. While recessions and bad investments often explain such collapses, cases of billionaires ruined by Ponzi schemes and ...

WASHINGTON (Reuters) - The U.S. Justice Department announced criminal charges against Texas billionaire Allen Stanford and four associates Friday in a $7 billion fraud scheme they say bilked tens of ...

Sam Bankman-Fried is not a Stanford alum. Still, the disgraced ex–crypto wunderkind might as well be. He was raised in Silicon Valley’s techno-idealist training school by parents Joseph Bankman and ...

Federal officials raided the Houston offices of Stanford Financial Group on Tuesday and accused the companys chief, Robert Allen Stanford, of conducting a massive ongoing fraud in the sale of about $8 ...

HOUSTON/ST JOHN'S, Antigua (Reuters) - Texas billionaire Allen Stanford and three of his companies were charged with "massive" fraud on Tuesday as federal agents swooped on his U.S. headquarters. In a ...