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 ...

The story of Allen Stanford, who ran a $7.2 billion Ponzi scheme for 17 years. Learn how he managed Stanford International Bank and how the 2008 financial crisis led to his downfall.

Democratic, Republican lawyers may face uphill fight over $1.6 million. Feb. 26, 2010 — -- Democratic and Republican lawyers are scrambling this week to figure out how to contend with an unusual ...

MEXIA, TEXAS (Reuters) - When Billie Stanford heard that the Federal Bureau of Investigation had found her stepson Allen Stanford, the billionaire Texan facing a federal fraud charge, she and her ...

Jurors in the trial of Allen Stanford said on Monday they couldn't come to a decision on whether the financier had carried out a $7 billion ponzi scheme, but they changed their mind on Tuesday and ...

Stanford thought to be staying at Fredericksburg home. February 20, 2009— -- After meeting with federal authorities in Washington, D.C., billionaire accused fraudster R. Allen Stanford is ...

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Accused Ponzi schemer Allen Stanford has issued another plea to the courts to get him the hell out of jail, stat. He filed a motion yesterday saying his ability to function, much less assist his ...

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 ...

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 ...