Stanford Financial Group, Billionaire | featured news

James Davis, the former financial officer for Texas billionaire Sir Allen Stanford, pleads guilty to fraud and conspiracy charges.

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

The England and Wales Cricket Board terminates all of its contracts with Texan billionaire Sir Allen Stanford.

U.S. law enforcement officials found Texas billionaire Allen Stanford in the Fredericksburg, Virginia, area on Thursday, and served him with a complaint accusing him of an $8 billion fraud.

Rodolfo Soules tried to close a friend’s account at Stanford Financial Group Wednesday, but the building was closed.