DEVLIN BARRETT , AP,
Missing Billionaire, Stanford, Tracked Down by FBI
In a civil complaint Tuesday, the SEC accused Stanford, two other executives and three of his companies with committing an $8 billion fraud that lured investors with promises of improbable and unsubstantiated high returns on certificates of deposit and other investments. It's not clear how much of the $8 billion was lost and how much investors might recover.
Until regulators got help Thursday from the FBI, the SEC had not been able to find Stanford.









Share Your Ire
blog comments powered by Disqus