The billionaire banker accused of scamming $8 billion, R. Allen Stanford, was located by FBI officials today and served with civil papers by the SEC, putting an end to a nationwide search.
Stanford later turned in his passport to federal prosecutors, saying "he would not flee," according to one of Stanford's lobbyists, Ben Barnes.
Watch the full story tonight on World News with Charles Gibson at 6:30 p.m. ET.
Stanford was located in the Fredericksburg, Virginia area, the FBI said in a...Full Story