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Stanford Financial: Previous Coverage

The Securities & Exchange Commission took action on Feb. 17 against R. Allen Stanford's financial empire, alleging that he and his companies were "orchestrating" a massive $8 billion fraud.

Regulators charged Stanford, a 58-year-old Texas-born billionaire, with misleading investors about the security of high-yielding certificates of deposit sold by an offshore bank in Antigua that he controls.

Here is a recap of BusinessWeek's coverage of the probe into Stanford Financial:

Is Stanford Financial's Offer Too Good to Be True? (2/11/09)
Regulators are eyeing the high-flying firm, whose CDs offer returns more than double the market average

Ex-Employees at Heart of Stanford Financial Probe (2/13/09)
One settled a whistleblower suit and dozens have talked to regulators as part of the investigation into Stanford Financial's high-yielding CDs

Stanford's Failed Health Club (2/13/09)
The Texas-born billionaire's business career had a humble start

Stanford Scores Big with Sports (2/15/09)
Stanford Financial has a string of high-profile sports marketing arrangements in the U.S. and Antigua

Pressure Builds on Stanford Financial (2/16/09)
As the SEC and others investigate, the investment firm has laid off staff. There is confusion as to which clients can get early redemptions

The SEC Moves Against Stanford (2/17/09)
Federal securities regulators filed suit to take control of R. Allen Stanford's Houston brokerage arm after a probe into high-yield CDs

Stanford: Signs That Should Have Worried Investors (2/18/09)
The Stanford scandal also raises questions as to whether the SEC, which had been investigating the firm for three years, should have acted sooner

Stanford Served by the FBI (2/19/09)
The financier accused of running an $8 billion scam had been out of sight since the SEC made its move Feb. 17

Stanford Sought '97 Meeting over Investigation (2/19/09)
Sources: The banker now facing fraud charges was then feeling hounded by government agencies, so he asked to meet with a U.S. ambassador

Stanford Riches (2/20/09)
Court filings in a pending divorce proceeding between Stanford and his wife shed light on the couple's finances

Did Court Ruling Prolong Stanford Probe? (2/24/09)
Slow SEC progress in the Stanford Financial case could be attributed to a 1982 Supreme Court decision on securities law

Stanford and Politics: Stop the Huffing (2/21/09)
There's no evidence that Stanford's financial contributions kept investigators at bay

Law Firm Erases Its Stanford Ties (2/24/09)
The law firm Hunton & Williams is trying hard to put some distance between itself and disgraced financier R. Allen Stanford

SEC Dates Stanford Probe to 2005 (2/26/09)
The SEC offered up the revised time frame for its investigation of alleged CD fraud at Stanford Financial to rebut charges from critics that it had dropped the ball

Video: Allen Stanford Scandal (2/26/09)
BusinessWeek staff writer Matthew Goldstein on the Stanford Financial scandal

Stanford: It's Now A Criminal Case (2/26/09)
Federal authorities in Houston arrested Laura Pendergest-Holt, the investment firms chief investment officer, and charged her with obstruction of justice

Stanford's Rocky Start (3/4/09)
The banker accused of running an $8 billion fraud wasn't always the business success that he purported to be for investors

Stanford 'Is Not Madoff' (03/26/2009)
A new hotshot lawyer representing Allen Stanford comes out with guns blazing, aimed at the SEC

Allen Stanford: A Libyan Connection? (03/30/2009)
Federal investigators want to know if disgraced financier Stanford's alleged $8 billion fraud included money raised from Libyan investors in November

Did Stanford Keep Two Sets of Books? (04/17/2009)
If the liquidator's claim about the financier's bank is true, $8 billion R. Allen Stanford said he raised from investors may not exist

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