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Stanford grew up in Mexia, Texas. His father, James Stanford (1927–2021), [14] was mayor of Mexia and a member of the Board of Directors of Stanford Financial Group. [15] His mother, Sammie (née Conn), is a nurse. [16] After his parents divorced in 1959, Stanford and his brother went to live with their mother. [15] Stanford graduated from ...
Allen Stanford traced his company to the insurance company founded in 1932 in Mexia, Texas, by his grandfather, Lodis B. Stanford. [6] [7] However, there was no direct connection between the insurance company and Allen Stanford's banking business, which he started on the British Overseas Territory of Montserrat in the West Indies in the 1980s. [8]
A federal judge ordered an end to the U.S. Securities and Exchange Commission's 16-year-old lawsuit over Allen Stanford's $7.2 billion Ponzi scheme, directing the financier and two former ...
If ever there was a public service announcement against financial fraud, it's the picture of former Antiguan financier and playboy R. Allen Stanford, all 6 feet 4 inches of him, face battered and ...
Texas native Allen Stanford found out just that when his $7 billion fraud came crashing down on his head in 2009. And for Stanford, it was a long, rocky slide from billionaire financier Sir Allen ...
Stanford International Bank was a bank based in the Caribbean, which operated from 1986 to 2009 when it went into receivership.It was an affiliate of the Stanford Financial Group and failed when its parent was seized by United States authorities in early 2009 as part of the investigation into Allen Stanford.
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Accused Ponzi schemer Allen Stanford, whose attorney says he is unfit to stand trial on allegations of fraud, will be examined by a government psychiatrist. Federal prosecutors asked for the ...