The NYT reports that a federal jury in Houston today convicted high-yield CD king Allen Stanford on all but one of the 14 fraud counts against him.

Stanford grew up in Mexia, Texas, and got a finance degree from Baylor in Waco. In the 1980s, he moved to Montserrat and later Antigua.

His Stanford Financial Group sold billions of certificates of deposit, which boasted yields of 7.5 percent or more.

Can you say Ponzi scheme?