Law, Strategy, and Risk in Commercial Disputes
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…
The wages of sin is death. What wages do you get from a Ponzi scheme?
The kind you can't access any more.
People who worked at Stanford Group Company found that out the hard way. Their employer, we now learn, paid them with proceeds of a Ponzi scheme. The Fifth Circuit held that funds they…