Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion dollars, prosecutors said Friday.
Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion, prosecutors said Friday.
A federal judge has unfrozen the assets of about 12,000 people and groups who invested in companies of R. Allen Stanford, who is accused in a $9.2 billion fraud scheme.
The Venezuelan government on Thursday took over the Stanford Bank Venezuela, whose owner is accused in the United States of a multibillion-dollar investment and sales fraud scheme, the state-run news agency reported.
Venezuela's government seized a local bank owned by Allen Stanford Thursday as politicians and banking regulators in the region attempted to quell panic after the flamboyant Texan financier was charged over an alleged multibillion dollar fraud scheme.
English cricket chiefs have broken off negotiations with Allen Stanford after the Texan tycoon was charged by U.S. regulators over an alleged multibillion dollar fraud.
The Securities and Exchange Commission said Tuesday that it has charged financier R. Allen Stanford and three of his companies with orchestrating a $9.2 billion investment and sales fraud.
The U.S. Securities and Exchange Commission has charged businessman Robert Allen Stanford with orchestrating an $8 billion fraudulent investment program.
The Federal Reserve, confronted with surging oil prices and a slumping housing market, cut a key interest rate by a quarter-point on Wednesday, the second rate reduction this year
Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion dollars, prosecutors said Friday.
Billionaire financier Robert Allen Stanford has been indicted on charges of criminal conspiracy to commit mail, wire and securities fraud, actions that earned his company an estimated $7 billion, prosecutors said Friday.
A federal judge has unfrozen the assets of about 12,000 people and groups who invested in companies of R. Allen Stanford, who is accused in a $9.2 billion fraud scheme.
The Venezuelan government on Thursday took over the Stanford Bank Venezuela, whose owner is accused in the United States of a multibillion-dollar investment and sales fraud scheme, the state-run news agency reported.
Venezuela's government seized a local bank owned by Allen Stanford Thursday as politicians and banking regulators in the region attempted to quell panic after the flamboyant Texan financier was charged over an alleged multibillion dollar fraud scheme.
English cricket chiefs have broken off negotiations with Allen Stanford after the Texan tycoon was charged by U.S. regulators over an alleged multibillion dollar fraud.
The Securities and Exchange Commission said Tuesday that it has charged financier R. Allen Stanford and three of his companies with orchestrating a $9.2 billion investment and sales fraud.
The U.S. Securities and Exchange Commission has charged businessman Robert Allen Stanford with orchestrating an $8 billion fraudulent investment program.
The Federal Reserve, confronted with surging oil prices and a slumping housing market, cut a key interest rate by a quarter-point on Wednesday, the second rate reduction this year
No one actually expects lawmakers to overhaul the tax code this year, but House Ways and Means Chairman Charles Rangel (D-NY) planted his flag Thursday morning by unveiling a bill that he calls the "mother of all tax reforms."
The critics of legislation that would raise taxes on the income of private-equity and hedge-fund manager are coming out in full force, contending it would hurt returns and have negative effects on other kinds of limited partnerships. In addition, they say, not much tax revenue would be raised.
The chairman of the U.S. Senate education committee Tuesday introduced legislation to cut government subsidies to student loan companies, but the cuts were milder than some expected and lender stocks rose.
In a 360-45 vote, the House on Friday passed a $1.4 billion package of small-business tax cuts, which is expected to ease the passage of a federal minimum-wage increase in the Senate.
In a 367-45 vote, the House on Friday afternoon passed tax legislation that would renew for two years a host of expired business tax credits and popular individual tax breaks, and introduce a new, one-year itemized deduction for mortgage insurance premiums.
Lawmakers negotiating pension reform legislation may have reached a tentative agreement on what to include in a final bill that would toughen funding rules for defined-benefit plans and encourage savings in 401(k)s.
Pfizer and Schering-Plough could easily snap up the smaller drugmaker Sepracor but industry analysts say risks to its two products would limit any potential gains.
NEW YORK (CNNMoney.com) - The political jousting over whether to include both temporary AMT relief and an extension of reduced dividend and capital gains rates in a final tax reconciliation bill may come to an end by Friday.
Political observers are bracing for a firestorm with President Bush's most recent nomination to the Supreme Court, but business groups are likely to back the candidate hailed for his staunchly conservative record.
When it comes to picking a successor to Alan Greenspan, whose term ends Jan. 31, leading Fed watchers are saying this is one time to expect the expected.
Even as the costs of the nation's most expensive storm are added up, it's becoming more and more apparent that the economy has weathered Hurricane Katrina relatively well.
The chairman of the Federal Communications Commission is looking at pushing for competition for cable operators from phone companies, according to a published report.
A weak reading on manufacturing jolted financial markets Wednesday, but economists are holding to their view of a relatively strong employment report, due to be released Friday.
Manufacturing growth slowed to the weakest pace in nearly two years in May, a survey of industry executives showed Wednesday, a sign the two-year-old industrial expansion could be running out of steam.
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