Flamboyant billionaire financier 'Sir' Allen Stanford has pleaded not guilty to 21 charges of fraud, conspiracy and obstruction of justice. He faces a maximum sentence of 250 years. His investors lost an estimated $7 billion in what authorities say was an enormous Ponzi scheme. Stanford was arraigned in a Houston courtroom Thursday morning after surrendering to the FBI in Virginia last week.
Stanford and his alleged co-conspirators are charged with engaging in a scheme to defraud investors...Full Story