Billions Missing From Stanford Funds

The official overseeing what's left of "Sir" R. Allen Stanford's financial empire has found only scraps of the $8.2 billion in assets the accused fraudster once claimed. Only $250 million has been located by the court-appointed receiver of Stanford Financial, according to court testimony Friday by an FBI agent involved in the case. The testimony came at an arraignment hearing for Stanford Financial's chief investment officer, Laura Pendergest-Holt, who was arrested yesterday in Houston and...Full Story