R. Allen Stanford Surrenders to FBI

The AP just broke the news that R. Allen Stanford surrendered to the FBI on thursday for his role in defrauding investors of $7 billion through his company, Stanford Financial.

Stanford, in FBI custody after surrendering Thursday, was to appear in federal court in Richmond, Va. later Friday. He has denied the charges.

The others indicted Friday were Stanford executives Laura Pengergest-Holt, Gilberto Lopez and Mark Kuhrt. A separate indictment unsealed in Florida accuses a fourth Stanford worker, Bruce Perraud, of destroying records important to the investigation.