Personal Finance Advice and Commentary

Wednesday, December 14, 2011 12:30 pm
By Sheyna Steiner · Bankrate.com

CD scams are a dime-a-dozen, there is no shortage of scammers out there trying to take advantage of people. But wildly successful scams such as the one run by R. Allen Stanford are unusual — he got away with it for years and operated right under the nose of regulators. Stanford sold fake CD’s in

Wednesday, September 07, 2011 12:00 am
By Sheyna Steiner · Bankrate.com

While most people would give complicated, arcane investments a wide berth, hardly anyone looks askance at the humble certificate of deposit — which makes them tempting bait for scammers. A recent local news story here in south Florida spoke with a victim of a notorious CD scammer, R. Allen Stanford. Stanford stole billions from investors