CNBC Video: Stanford Arrested in $8B Ponzi Scheme Indictment

By Securities Docket on June 19, 2009, 8:14 am

CNBC’s Scott Cohn and Hampton Pearson report in this video on the arrest yesterday of Allen Stanford, now in federal custody in Virginia. Stanford was arrested within hours of his indictment Thursday in an alleged $8 billion Ponzi scheme.

Posted in Criminal, Regulation | Tagged Arrests, Features, Stanford Financial, Videos | 1 Response

One response to “CNBC Video: Stanford Arrested in $8B Ponzi Scheme Indictment”

Doug Cornelius June 19, 2009, 9:15 am at 9:15 am | Permalink

I still love that Stanford refers to himself in the third person during his interview. “Allen Stanford was not running a Ponzi scheme.”