Feds Interview Accused Fraudster's Dad

James Stanford, father of accused billionaire fraudster R. Allen Stanford, met Tuesday with federal officials in Waco, Tex. who are probing his son's alleged multi-billion-dollar swindle. Stanford, 81, responded to a subpoena from lawyers with the Securities and Exchange Commission. The SEC last week filed a civil complaint against his son, accusing him of bilking tens of thousands of investors out of roughly $8 billion. The elder Stanford is a member of the board of Allen's firm, Stanford...Full Story
Commenting on this article is closed.