Category Florida

Stanford’s Shredded Florida Papers Being Reassembled

Shredded documents seized from R. Allen Stanford’s South Florida offices are being pieced back together by prosecutors probing allegations the Texas financier ran a $7 billion Ponzi scheme. U.S. Magistrate Judge Barry Seltzer of Fort Lauderdale, Florida, said federal prosecutors told him yesterday that within the next two months they will have “re-assembled the contents […]

Florida banking agency helped Stanford set up unregulated office to sell his CDs

Florida regulators – over objections by the state’s top banking lawyer – gave sweeping powers to banker Allen Stanford, accused of swindling investors of $7 billion. Years before his banking empire was shut down in a massive fraud case, Allen Stanford swept into Florida with a bold plan: entice Latin Americans to pour millions into […]

R. Allen Stanford and Miami-based Greenberg Traurig

Miami Herald runs an excellent story on R. Allen Stanford (charged with multi-billion fraud) and a new angle: the stage was set for Stanford’s multi-billion fraud in 1998, the year Stanford persuaded Florida banking regulators to grant his company special rights to open a Miami office outside the scrutiny of federal banking regulators. In this […]