{"id":1008,"date":"2012-01-23T18:03:04","date_gmt":"2012-01-23T18:03:04","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/01\/jury_trial_begins_in_ponzi_sca"},"modified":"2022-03-22T12:42:24","modified_gmt":"2022-03-22T17:42:24","slug":"jury-trial-begins-in-ponzi-sca","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/jury-trial-begins-in-ponzi-sca\/","title":{"rendered":"Jury Trial Begins in Ponzi Scammer Allen Stanford\u2019s Criminal Case"},"content":{"rendered":"

Two-and-a-half years after he was arrested for allegedly running a $7 billion Ponzi scam, the criminal trial of Allen Stanford has begun. The Texas financier is charged with 14 counts of fraud, conspiracy to commit money laundering, and conspiracy. He denies any wrongdoing.<\/p>\n

Stanford is accused of issuing $7 billion in fraudulent CDs through his Antigua-based Stanford International Bank to investors in over a hundred nations. He then allegedly defrauded them.<\/p>\n

Even since his arrest these investors have not recovered any of their money. According to Reuters, a guilty conviction won’t necessarily help his Ponzi victims recoup their losses. Hopefully, however, the Securities and Exchange Commission’s lawsuit against the Securities Investor Protection Corp. will remedy this.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Two-and-a-half years after he was arrested for allegedly running a $7 billion Ponzi scam, the criminal trial of Allen Stanford has begun. The Texas financier is charged with 14 counts of fraud, conspiracy to commit money laundering, and conspiracy. He denies any wrongdoing. Stanford is accused of issuing $7 billion in fraudulent CDs through his […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3792,3888],"tags":[],"class_list":["post-1008","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-ponzi-scams","category-stanford-group-co"],"yoast_head":"\nJury Trial Begins in Ponzi Scammer Allen Stanford\u2019s Criminal Case — Investor Lawyers Blog — January 23, 2012<\/title>\n<meta name=\"description\" content=\"Two-and-a-half years after he was arrested for allegedly running a $7 billion Ponzi scam, the criminal trial of Allen Stanford has begun. 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