FACTBOXAllen Stanford’s Financial Empire 2009: Feb 17

FACTBOXAllen Stanford’s financial empire

Feb 17 – Texas billionaire Allen Stanford, three of his companies and two other executives, were charged with “massive” fraud on Tuesday as federal
agents swooped on his . headquarters. Allen Stanford Is a fifth-generation Texan and chairman of the Stanford 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 during the Great Depression in 1932 in the small central-Texas town of Mexia. Allen Stanford, 58, made his first in real estate in the early 1980s and expanded the family firm into a global wealth management company. Quote from Allen Stanford in magazine Major Stanford companies and divisions include:
Stanford’s own private Twenty20 cricket competition in the Caribbean, including a $20 million game in November between and his own team made up of West Indian players.

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