Convicted financier ordered to pay $5.9 billion fine Fake CDs used in Ponzi scheme Stanford serving 110-year prison term Jan ...

A federal judge ordered an end to the Securities and Exchange Commission’s 16-year-old lawsuit over Allen Stanford’s $7.2 billion Ponzi scheme, directing the financier and two former ...

Other News: Wall Street Rises Off Housing, Retail In other news, markets rose on Wall Street after positive news from the homebuilding and retail sectors, and billionaire banker Allen Stanford ...

Chief Judge David Godbey of the Dallas federal court on Wednesday ordered Allen Stanford to pay a $5.9 billion civil fine, ending the Securities and Exchange Commission’s 16-year lawsuit against ...