IRS Says Allen Stanford Owes $226 Mil in Back Taxes

Accused billionaire swindler R. Allen Stanford and his wife owe the IRS $226.6 million in back taxes, according to a new court filing by the IRS. A lien filed in Stanford's divorce records indicated he owed $114 million, but the new IRS filing shows the total debt is nearly twice that figure. Stanford and his wife filed for divorce in 2007; the matter is still unresolved. The couple failed to pay $110 million in taxes between 1999 and 2003, according to the IRS filing. Penalties and interest...Full Story