Texas billionaire arraigned-Ponzi scheme!

Stanford arraigned in federal court on $7 billion Ponzi scheme fraud allegations. Houston, TX(JusticeNewsFlash.com)—Houston-based Stanford Financial Group’s (SFG) former financier, R. Allen Stanford and participating conspirators were arraigned Friday June 19, 2009 for their alleged involvement in a $7 billion investment fraud scandal. The U.S. Securities and Exchange Commission (SEC) http://www.sec.gov reportedly referred to the […]