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  • SEC charges Allen Stanford with fraud

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SEC charges Allen Stanford with fraud

According to a complaint filed in federal court, the U.S. Securities and Exchange Commission accuses Stanford and two of his executives of fraudulently selling $8 billion dollars worth of high-yield certificates of deposit. Sarah Irwin reports.

Reuters | February 18, 2009Watch more videos from Reuters

Tags:. .fraudulently. .irwin. .allen stanford. .exchange commission