Stanford scandal

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behind the story

The saga of Stanford Financial Group, Stanford International Bank and R. Allen Stanford

Federal regulators claim Texas-born financier R. Allen Stanford ran a multibillion-dollar fraud at his offshore bank and Houston brokerage, which are now under court-ordered receivership.

At the heart of the matter were high-yield CDs, more than $8 billion worth of them, that the Securities and Exchange Commission alleges Stanford marketed as part of an illegal Ponzi scheme.

Stanford, associates James Davis and Laura Pendergest-Holt and others have been criminally indicted for their roles. All have pleaded not guilty, although Davis is expected to enter into a plea deal with federal prosecutors.

Stanford’s life: Brash, cash, a dash of flash

— R. Allen Stanford left behind his roots in Mexia, Texas, for a knighthood and a world of wealth. Learn more about this key figure in the scandal.
Chronology of a scandal — Track key events in the life of R. Allen Stanford and his investment companies.

on the web

"Runaway receiver" isn't making anyone happy - Stanford Watch blog

Stanford Mess Could Cost Louisiana Mi... - Bayou Buzz

Hugo Chavez Bails Out Allen Stanford-... - CNBC

At Stanford's Miami office, documents... -

Lawsuit seeks $1.6 billion from insur... - San Antonio Express

When Scandal Rocks a Résumé - Wall Street Journal

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Stanford's political contributions
Search hundreds of donations from R. Allen Stanford, his company's political action committee and people affiliated with Stanford's businesses to political candidates, parties and committees.
Tip: Simply hit "Search" to see the top recipients.
Source: Center for Responsive Politics,
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