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Allen Stanford

What is a pyramid scheme?

NYU Stern School of Business Professor Lawrence White and antitrust attorney David Balto explain what pyramid and Ponzi schemes are.

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  1. Former Stanford Financial CFO Gets 5 Years in Jail

    The former finance chief of Houston-based Stanford Financial Group was sentenced by a federal judge in Texas to five years in prison for his role in cloaking a massi...

  2. Khuzami: Insider Trading a High Priority

    FBN’s Peter Barnes with Rob Khuzami, former SEC head of enforcement, on his time at the SEC and the commission’s focus on insider trading and dark pool regulation.

  3. Stanford Ex-CFO Davis Gets 5-Year Prison Sentence

    James Davis, the government's top witness in convicted swindler Allen Stanford's fraud trial, was sentenced on Tuesday to five years in prison for his role in a $7 b...

  4. AT&T to Buy Alltel Operations for About $780M

    FBN’s Diane Macedo breaks down the stories moving the markets.

  5. Allen Stanford's Ex-CFO Gets 5 Years in Prison

    James Davis, the government's top witness in convicted swindler Allen Stanford's fraud trial, was sentenced on Tuesday to five years in prison for his role in a $7 b...

  6. Supreme Court to hear law firm appeals in Allen Stanford case

    The Supreme Court on Friday accepted appeals by law firms that once represented convicted swindler Allen Stanford and were trying to avoid lawsuits by victims seekin...

  7. U.S. High Court to Hear Lawsuits by Allen Stanford Investors

    The U.S. Supreme Court on Friday agreed to decide whether victims of financier R. Allen Stanford's $7 billion Ponzi scheme can sue insurance brokers, law firms and o...

  8. Efforts to Standardize Financial Regulations

    SIFMA CEO Tim Ryan on efforts to streamline regulations of the financial sector.

  9. The Ties that Biden

    David Richter, the president of Hill International (NYSE:HIL), a mid-sized outfit that manages construction projects, was speaking last year at a private meeting wit...

  10. Regulator On Board of Embattled Hedge Fund

    Richard Y. Roberts served as a commissioner for the U.S. Securities and Exchange Commission from 1990 to 1995. Today, he sits on the board of a hedge-fund advisor th...

  11. Stanford Financial Exec Gets Three Years In Prison

    Laura Pendergest-Holt, former chief investment officer of Stanford Financial Group, was sentenced on Thursday to three years in prison for obstructing a U.S. Securit...

  12. How Can One Million People Be This Dumb?

    Ponzi scheme news was everywhere by January 2011.Bernie Madoff and R. Allen Stanford were behind bars. Regulators had uncovered so many similar financial frauds it w...

  1. SEC staff morale low, atmosphere marked by distrust: study

    The Securities and Exchange Commission is not the best place to work among federal agencies in Washington, according to a new study by a government watchdog.The SEC'...

  2. Expert network firm hires Texas-based SEC lawyer

    Gerson Lehrman Group, the country's largest expert network firm, has hired a Securities and Exchange Commission enforcement attorney to serve as its chief compliance...

  3. Stanford Receivers Reach Settlement with Antigua in Fraud Case

    U.S. and Antiguan officials liquidating Allen Stanford's offshore bank said they have reached a settlement that would return a substantial portion of $300 million in...

  4. Stanford investor body accuses Antigua of aiding Ponzi scheme

    The Official Stanford Investors Committee and the court-appointed receiver of Allen Stanford's financial empire have sued Antigua and Barbuda, the Eastern Caribbean ...

  5. Ex-Stanford executives get 20 years over roles in $7 billion fraud

    The final two defendants convicted for helping the former Texas billionaire financier Allen Stanford swindle investors were each sentenced on Thursday to 20 years in...

  6. Remaining Stanford Ponzi Schemer Heading to Jail

    FBN’s Adam Shapiro with the latest business headlines, including news that Allen Stanford ’s remaining Ponzi scheme ally is going to jail.

  7. Lowe’s to Hire 45K Seasonal Employees

    FBN’s Lori Rothman on Lowe’s hiring plans for the spring season.

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