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  • Stanford Indicted for Alleged Ponzi Scheme

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  • Associated Press
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Stanford Indicted for Alleged Ponzi Scheme

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. (June 19)

Associated Press | June 19, 2009Watch more videos from Associated Press

Tags:. .investors. .ponzi. .defraud. .indicted. .prosecutors