Saturday, March 16, 2013

$7 billion swindle

$7 billion swindle [PHOTO/VIDEO] by a U.S. billionaire financier. R. Allen Stanford was convicted in Houston Tuesday of running a massive Ponzi scheme through an offshore bank.

A federal jury convicted the 61-year-old Texas banker of all but one count of an indictment alleging the $7 billion fraud. Go here for more including photos and video.