Allen Stanford’s trial is over and he stands convicted of 13 out of 14 offenses as reported in the NYT. He is now headed to prison. In this enormous scheme Stanford swindled 30,000 investors from more than 100 countries of more than 7 billion dollars. It is hard to wrap your mind around that level of greed…. Continue Reading
Category Archives: Cricket
Subscribe to Cricket RSS FeedMore Problems in the World of Cricket
Posted in CricketUnlike our previous posts (here, here and here) that focused on a former cricket team owner now accused of bilking investors out of billions, this cricket incident involves an Australian coach accused of sexually abusing multiple boys on the team he presided over. Shockingly the coach says that he believed his crimes were helping the… Continue Reading
Cricket Bats and Federal Court: Part III
Posted in CricketThe trial of Allen Stanford is currently underway in Federal Court in Texas. As previously discussed here and here, the case of former billionaire financier and cricket team-owner Allen Stanford continues to make headlines. According to a recent report in Businessweek, an Antiguan judge who also serves as the island’s top banking regulator recently told… Continue Reading
Cricket Bats and Federal Court: Part II
Posted in Cricket, Federal FraudThis is an update to a previous post (found here) regarding the trial of Ponzi scheme leader/cricket teaming owner Allen Stanford. Last we heard Stanford had failed to convince a federal judge that he was mentally unfit to stand trail for an alleged $7 billion scheme to defraud investors. Now, a former employee of the… Continue Reading
Cricket Bats and Federal Court
Posted in Cricket, Federal FraudU.S. District Court in Houston will be the site of a sadly familiar story with an unusual central figure next month as the trial of Sir Allen Stanford begins. The familiar part is an allegedly 7 billion dollar Ponzy Scheme run by Stanford that bilked thousands of investors of their money. The new twist is Allen Stanford, the former… Continue Reading