SEC files amended complaint against Stanford
By Kleinheider Posted on February 27, 2009 at 7:00 pmFrom the Commercial Appeal:
Today, the Securities and Exchange Commission released an amended complaint against Stanford and its top executives, R. Allen Stanford, James M. Davis and Laura Pendergest-Holt.
The complaint alleges that “for at least a decade,” Davis and Allen Stanford, through the companies they control under the Stanford umbrella, “executed a massive Ponzi scheme.”
Tags: financial institutions, financial regulation, governmental investigations, Ponzi schemes, SEC, Securities and Exchange Commission, Stanford Financial Group Inc., Stanford International Bank Ltd.
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