Stanford used CD funds for cricket, jets: witness
HOUSTON (Reuters) – Allen Stanford funneled $2 billion of investor money from his offshore bank to pay operating expenses at his other companies, including money-losing airlines and his cricket concerns, a former Stanford Financial Group accountant said on Wednesday. Stanford, 61, is on trial in federal court in Houston for leading a $7 billion Ponzi scheme from his offshore bank in Antigua in …
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Stanford used CD funds for cricket, jets: witness