The New York Times is reporting that R. Allen Stanford, the Texas billionaire accused of running a multibillion-dollar Ponzi scheme that defrauded hundreds of investors,
and at least four others, including an Antiguan offiicial, have been
indicted in the fraud case.
The Times' source is a federal prosecutor who spoke on condition that he not be named. The prosecutor says the Antiguan official, Leroy King, the former head of the Antiguan
regulatory agency that oversaw banking on the Caribbean island nation, is accused of accepting a bribe from Stanford.
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to offer shares of its stock to the public for the first time.
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details.
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.