Trial Update: Trial of Allen Stanford of Stanford Financial Group begins

The trial of R. Allen Stanford, a money manager and chairman of the now defunct Stanford Financial Group, began on Monday, January 23, 2012.  Stanford has been accused of running a $7.2 billion Ponzi scheme after being arrested in 2009 in Virginia.  As with most fraudulent Ponzi schemes, Stanford ...
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Co-founder of Megaupload arrested for copyright infringement and money laundering

Kim Dotcom, computer programmer and co-founder of Megaupload, was arrested for charges of copyright infringement and money laundering. Dotcom – born Kim Schmitz in Germany but a legal resident of both Finland and New Zealand – became notorious for his abilities as a computer hacker and has been ...
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