Personal Finance Advice and Commentary

Wednesday, March 07, 2012 11:41 am
By Sheyna Steiner · Bankrate.com

The saga of R. Allen Stanford and his certificate of deposit Ponzi scheme is coming to a close – at least one part of it, anyway: the trial and conviction. On Tuesday, a Texas jury found Stanford guilty of 13 out of 14 criminal charges including mail fraud, wire fraud, obstruction of an SEC proceeding and

Wednesday, June 15, 2011 3:36 pm
By Sheyna Steiner · Bankrate.com

In 2009, Allen Stanford was arrested for running an $8 billion investment scam. He sold extremely high-yielding, yet fake, CDs to unwitting investors. Naturally, many of those optimistic CD buyers ended up losing their shirts when the operation was busted. On Wednesday, the Securities and Exchange Commission, or SEC, announced that some of those investors