The INDsider -> Leslie Turk FRI, JUN 19 5:15AM by Leslie Turk

NYT: Allen Stanford, 4 others, indicted

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.

Read the rest of the story here.

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written by ALPEAUX TRAUTMAN , June 19, 2009 - 11:46 am

CHARLIE IS running against David Vitter. My question is why did Charlie NOT push for the HR 1207 that makes The House able to audit the Federal reserve Bank (for the first time in American history).

AL

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written by politics , June 19, 2009 - 09:40 pm

I would like to thank the politicials who signed the letter to the SEC.
(on both sides of the isle)

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written by Tom N , June 20, 2009 - 01:03 pm

Because the bill is in Committee, and hasn't been marked up yet. Would you want to unconditionally support a bill that has yet to undergo changes in a committee headed by Rep. Frank? It could come to the floor substantially different from what it looked like when it was introduced.

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