Disgraced Texas financier R. Allen Stanford is being stripped of his knighthood in the Caribbean nation of Antigua and Barbuda, the head of the government panel that approves the awards said Monday.The National Honors Committee voted unanimously to revoke Stanford’s title for embarrassing the nation by running an alleged Ponzi scheme out of his Antigua-based offshore bank, Chairwoman Jacqui Quinn-Leandro said.Stanford, once a benefactor of the Antiguan government, is in jail in Texas awaiting charges for allegedly defrauding some 28,000 investors out of $7 billion by selling them what U.S.
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Allen Stanford stripped of his knighthood
November 3rd, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Baldwin Spencer, Bank Ltd, Caribbean Nation, Certificates Of Deposits, Cricket Stadium, Disrepute, Financial Institutions, Government Panel, Honors Committee, Knighthood, Local Authorities, Member Of Parliament, Members Of Parliament, Offshore Bank, Ponzi Scheme, Private Employer, Public Announcement, Queen Elizabeth, Queen Elizabeth Ii, R Allen 
No Comments »Allen Stanford Faces Massive Fraud Charges in Federal Court
June 20th, 2009 Before You Invest * Stanford due in federal court in Virginia on Friday* Expected to be sent to Houston to face criminal charges* Surrendered to FBI on Thursday* Accused in $8 billion fraudRICHMOND, Va. – Texas billionaire Allen Stanford will appear in federal court in Virginia Friday to answer allegations he orchestrated a massive fraud through his Antigua bank that bilked investors out of millions of dollars.Stanford, 59, arrived at the courthouse for a 1:30 EDT hearing before federal magistrate Hannah Lauck to face criminal charges after he surrendered to FBI agents in Virginia late on Thursday.His case will be the first major financial crimes prosecution brought under the administration of President Barack Obama, who has vowed to crack down on economic malfeasance.Stanford already faces civil charges brought by the U.S.
Posted in Finance Fraud Tags: Bank Ltd, Barack Obama, Certificates Of Deposit, Civil Case, Civil Charges, College Roommate, Criminal Charges, Dick Deguerin, Federal Magistrate, Fight Of My Life, Financial Crimes, Fraud Charges, Green Earth, High Interest Rates, Justice Department Officials, Malfeasance, Massive Fraud, Ponzi Scheme, Securities And Exchange Commission, Texas Billionaire No Comments »
