Back in April, New Times wrote the first in-depth story about the numerous warning signs over the years that once-billionaire Allen Stanford was running a gigantic $8 billion Ponzi scheme out of Miami, Houston and Antigua.
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Today, Stanford is finally in custody and charged with 21 counts of conspiracy, mail fraud, wire fraud, money laundering and obstruction of justice. A Houston grand jury handed down the indictment, which also names three other Houston-based former Stanford employees.
So far, Stanford has been, how shall we say, vigorous in proclaiming his innocence -- going to far as threatening to punch a reporter in the mouth who asked him about money laundering allegations. Should be an interesting trial.
Update: The AP reports that a Florida-based Stanford security guard has also been indicted. Bruce Perraud, 42, is accused of shredding documents in February at a Stanford warehouse, even though he knew that federal prosecutors in Houston wanted the papers.