Billionaire R. Allen Stanford indicted, jailed in alleged $7 billion fraud

WASHINGTON — Brash Texas billionaire R. Allen Stanford has been jailed on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery.

Federal indictment accuses billionaire R. Allen Stanford of running a vast Ponzi scheme

WASHINGTON — Texas billionaire R. Allen Stanford, whose sprawling banking empire collapsed this year, has been indicted for what prosecutors say is a $7 billion scheme to defraud investors.

Texas billionaire R. Allen Stanford set to appear in federal court in Va. after surrendering

RICHMOND, Va. — Texas billionaire R. Allen Stanford is scheduled to appear before a federal judge in Virginia at 1:30 p.m. Eastern time Friday for an initial hearing after surrendering to FBI agents on fraud charges the day before.

Texas billionaire R. Allen Stanford to appear in court Friday after surrendering to FBI in Va.

DALLAS — Texas billionaire R. Allen Stanford, chairman of the troubled Stanford Financial Group, is scheduled to appear in federal court Friday on fraud charges after surrendering to FBI agents in Virginia the day before, officials said.

Attorney says Texas billionaire R. Allen Stanford surrenders to FBI agents in Virginia

DALLAS — The attorney for R. Allen Stanford, chairman of troubled Stanford Financial Group, says the Texas billionaire has surrendered to FBI agents in Virginia.

AP Executive Morning Briefing

The top business news from The Associated Press for the morning of Thursday, July 2, 2009:

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