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(Image from article: "Billionaire Banker Stanford Surrenders to FBI")

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Billionaire Banker Stanford Surrenders to FBI

Texas billionaire R. Allen Stanford, chairman of the troubled Stanford Financial Group, surrendered to FBI agents in Virginia Thursday afternoon, his attorney said.

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FBI makes first arrest in Stanford fraud case

The FBI made the first arrest in the $8 billion Stanford Financial Group fraud investigation on Thursday, detaining chief investment officer Laura Pendergest-Holt on federal obstruction charges.

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