Stanford accused of Madoff-type scam

March 01 2009 17:42:40

Stanford accused of Madoff-type scam

Agence France-Presse

"For at least a decade, R. Allen Stanford and (his accomplice) James M. Davis, through companies they control ... executed a massive Ponzi scheme," the Securities and Exchange Commission (SEC) said in an amended complaint filed with a civil court in Dallas, Texas.

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