Non-Member


Monday, February 23, 2009

Billionaire Texan banker charged with fraud surrenders passport

Billionaire Texan banker charged with fraud surrenders passport
"...the U.S. Securities and Exchange Commission charged Stanford, two of his colleagues and three of his companies with an $8 billion fraud. Standford's banks sold certificates of deposit – financial instruments normally considered risk-free – with abnormally high interest rates...."
Reference: rawstory.com

No comments:

Post a Comment