{"id":17266,"date":"2012-01-24T10:09:45","date_gmt":"2012-01-24T15:09:45","guid":{"rendered":"http:\/\/www.bahamasb2b.com\/news\/?p=17266"},"modified":"2012-01-24T10:09:45","modified_gmt":"2012-01-24T15:09:45","slug":"stanford-fraud-trial-commences","status":"publish","type":"post","link":"https:\/\/www.bahamasb2b.com\/news\/2012\/01\/stanford-fraud-trial-commences","title":{"rendered":"Stanford Fraud Trial Commences"},"content":{"rendered":"<figure id=\"attachment_17267\" aria-describedby=\"caption-attachment-17267\" style=\"width: 200px\" class=\"wp-caption alignleft\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-17267\" title=\"allen-stanford\" src=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/allen-stanford.jpg\" alt=\"\" width=\"200\" height=\"150\" srcset=\"https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/allen-stanford.jpg 200w, https:\/\/www.bahamasb2b.com\/news\/wp-content\/uploads\/2012\/01\/allen-stanford-150x112.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-17267\" class=\"wp-caption-text\">Allen Stanford<\/figcaption><\/figure>\n<p>Jury selection began on Monday morning in the fraud trial of Allen Stanford in US federal court in Houston.<\/p>\n<p>The 61-year-old Stanford is charged with using his Houston-based financial empire to swindle investors of more than $7 billion. At the heart of Stanford\u2019s alleged fraud are certificates of deposit sold by his Antigua-based Stanford International Bank Ltd to about 28,000 investors.<\/p>\n<p>Among the allegations is a claim he bribed an Antiguan banking regulator to ignore irregularities.<\/p>\n<p>Receivers are still trying to locate the money that was invested with the Stanford Financial Group and its affiliate companies, but indications are that Stanford\u2019s lavish, globe-trotting lifestyle, including the sponsorship of multi-million dollar Caribbean cricket tournaments, may have consumed most of it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Allen Stanford is charged with swindling about 28,000 investors of more than $7 billion.<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[83,100,93,31,98,247,47],"class_list":["post-17266","post","type-post","status-publish","format-standard","hentry","category-headlines","tag-banks","tag-caribbean-2","tag-corruption","tag-crime","tag-financial","tag-fraud","tag-investing"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/17266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=17266"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/17266\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=17266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=17266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=17266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}