Error message

Deprecated function: Creation of dynamic property MergeQuery::$condition is deprecated in MergeQuery->__construct() (line 1357 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).
Deprecated function: Creation of dynamic property DatabaseCondition::$stringVersion is deprecated in DatabaseCondition->compile() (line 1887 of /home/topnewse/public_html/topnewsnl/includes/database/query.inc).

Texan tycoon Stanford in more `Ponzi'' trouble

Mohit Joshi 28 February 2009

Texan tycoon Stanford in more `Ponzi'' trouble London, Feb. 28 : Texas billionaire Sir Allen Stanford has placed himself in more hot water after being accused of carrying out a "massive Ponzi scheme" over at least a decade and misappropriating at least 1.6 billion dollars of investors' money.

Sports promoter Stanford, 58, stands accused along with his former university roommate James Davis.

On Friday, according to The Sun, a Houston judge ruled that Laura Pendergest-Holt, the only person arrested in the eight billion dollar Allen Stanford fraud investigation, could walk free after she posted a 300,000 dollar bond. (ANI)

General:

Featured

People:

Allen Stanford

Regions:

United Kingdom