Allen Stanford Performs Another Trick

Chidem Kurdas

A lot of conmen are magicians, says John Tonsick, a forensic accountant and founder of Fraud Solutions. Yesterday in a Texas courtroom Robert Allen Stanford certainly tried to pull off another trick —his last chance before he was sentenced to 110 years for a $7-billion-plus fraud.

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Ponzi Scheme vs. Regulation Cost

Chidem Kurdas

Brokerages can play a key role in stopping fraud. Thus in 2008 Pershing stopped wiring money for its customer, Robert Allen Stanford’s Houston-based company.