By Allan Lengel ticklethewire.com All the riches in the world, and no where to go but prison. A fed jury in Houston on Tuesday convicted wealthy Texan R. Allen Stanford,61, on 13 of 14 counts that involved allegations that he ran a $7 billion fraud through an offshore bank, the Houston Chronicle reported. Family members…
By Allan Lengel ticklethewire.com Texas financier R. Allen Stanford, whose alleged scamming is in a league with the king of scammers Bernard Madoff, was granted a transfer from a private Texas jail to a federal prison after getting a major beating from a fellow inmate, Bloomberg News reports. Bloomberg reported that the transfer allows Stanford…
By Allan Lengel ticklethewire.com And now comes the jury deliberations. A Miami jury will begin deliberating Thursday in the trial of Tom Raffanello, the former head of the Miami DEA, who is accused of conspiracy and obstructing an SEC investigation by shredding thousands of records to protect his boss — accused swindler Allen Stanford, according…
By Allan Lengel ticklethewire.com Tom Raffanello, the former head of the DEA in Miami, who most recently served as the head of security for suspected financial scammer Allen Stanford, could get a little break in his criminal case. U.S. Magistrate Judge Robin Rosenbaum in Miami has recommended that one of the major charges against him…
Ouch. It’s rare to see someone who made it that high up in an organization like this– even after they’ve left — get indicted. BY MICHAEL SALLAH AND ROB BARRY Miami Herald MIAMI — The former chief of the U.S. Drug Enforcement Administration’s Miami office who led the agency’s cases against infamous Panama strongman Manuel…
Update: Stanford Indicted Friday Morning (N.Y. Times) It’s been hard to stomach seeing that swindlers like R. Allen Stanford and Bernie Madoff not only lived the good life, but enjoyed the respect of so many people who admired their wealth. By MARY FLOOD and TOM FOWLER Houston Chronicle HOUSTON — Federal prosecutors are expected to…
