Sir Allen Stanford
Photo Source: Sky News Photogallery
Sir Allen was behind the million-dollar-a-man winner-takes-all Twenty20 cricket contest between England and a team of cricketing all-stars last year.
The Securities and Exchange Commission (SEC) said it was alleging fraud "of a shocking magnitude" with "tentacles throughout the world".
A complaint was filed against Sir Allen and three of his companies for "orchestrating a fraudulent, multi-billion dollar investment scheme" relating to an $8bn CD programme.
To υπόλοιπο άρθρο - Source: Sky News