Ponzi scheme

File photo of a prison cell block. (Photo by TIMOTHY A. CLARY/AFP/Getty Images)

Texan Who Fled To Greece Sentenced In Ponzi Scam

A North Texas businessman who fled to Greece after pleading guilty to running a Ponzi scheme has been returned and sentenced to more than 17 years in a U.S. prison.


File photo of Alex Rodriguez. (credit: Getty Images)

Ailing A-Rod Will Make More Than Astros

Alex Rodriguez will make more this year than all the Houston Astros combined — a lot more.


(credit: Getty Images)

Former R. Allen Stanford Associates Convicted Of Fraud

Two former R. Allen Stanford associates have been convicted of fraud. Both are accused of attempting to assist an imprisoned Stanford conceal a $7 billion Ponzi scheme.


(credit: Getty Images)

Ex-Houston Attorney Pleads Guilty In Ponzi Scheme

A former attorney in Houston who portrayed himself as a real estate investment tycoon has pleaded guilty in a $7.8 million Ponzi scheme.


Allen Stanford attends hearing in Houston.  (credit: Dave Einsel/GettyImages)

Stanford Gets 110 Years For Role In $7B Swindle

Former jet-setting Texas tycoon R. Allen Stanford had plenty of things to say Thursday before a federal judge sentenced him to 110 years in prison for bilking investors out of more than $7 billion over two decades.


Stanford Financial chairman and CEO Robert Allen Stanford leaves the Bob Casey Federal Courthouse after a bond appeal hearing on June 29, 2009 in Houston, Texas. (credit: Dave Einsel/Getty Images)

Texas Tycoon R. Allen Stanford Convicted In $7 Billion Ponzi Scheme

Texas tycoon R. Allen Stanford, whose financial empire once spanned the Americas, was convicted Tuesday on all but one of the 14 counts he faced for allegedly bilking investors out of more than $7 billion in massive Ponzi schemes he operated for 20 years.