Stanford's Chief Financial Officer James Davis has been charged in a criminal information with conspiracy to commit wire fraud and securities fraud, mail fraud and conspiracy to impede and SEC investigation.
Also in Florida Bruce Perraud a former Stanford Financial Group securities specialist has been indicted for allegedly destroying documents relating to the federal investigation.
In April, Stanford told ABC News Chief Investigative Correspondent Brian Ross in an exclusive interview that he expected to be indicted soon, but denied that he had run any sort of Ponzi scheme.
"I would die and go to hell if it's a Ponzi scheme," Stanford said in reaction to the civil allegations from the SEC that he bilked thousands of customers in a scheme involving "self-styled certificates of deposits" with "improbable" rates of return.
"Baloney. Baloney," Stanford told ABC News. "It's not a Ponzi scheme . If it was a Ponzi scheme, why are they finding billions and billions of dollars all over the place?"
The SEC froze all of Stanford's assets it has found, including $4.6 billion which a federal judge recently "unfroze" so it could be distributed to his depositors and customers. According to SEC officials, only $500 million connected to the alleged fraud has been recovered so far.
Vic Walter contributed to this report.