Investment Bankers Wanted Investment Banker Found in Virginia

To some people, $8 billion looks like their retirement and other investments thrown to the side.
Investor Allen Stanford was tracked down to Virginia Thursday. He's thought to have been staying with his girlfriend.
The SEC is accusing Stanford of luring investors with promises of "improbable and unsubstantiated" high returns on their investments.
Although Stanford is not in police custody, he was told to surrender his passport. All of his assets have been frozen.

A half-dozen other countries have been affected by this fraud case. In Venezuela, a bank run by Stanford was siezed. Bankers were unable to withdraw their money and were just waiting to find out when they'd hear about their savings.
Stanford owns a house on the Virgin Islands and runs businesses across the nation and overseas.

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