Following are details from Stanford company websites about his financial empire, including from a 2008 copy of the group’s Stanford Eagle Magazine.
In the final section, the information comes from the civil complaint filed by the US Securities and Exchange Commission (SEC). Allen Stanford Is a fifth-generation Texan and chairman of the Stanford Financial Group of companies that claims clients from 140 countries and assets under management and advisement of $50 billion. His grandfather, Lodis, founded the first Stanford Company during the Great Depression in 1932 in the small central-Texas town of Mexia. Allen Stanford, 58, made his first fortune in real estate in the early 1980s and expanded the family firm into a global wealth management company. He lives in St Croix in the US Virgin Islands, and holds dual US and Antigua and Barbuda citizenship. He was the first American to be knighted by Antigua and Barbuda in 2006 to become Sir Allen Stanford.
Quote from Allen Stanford in magazine