$7 Billion Swindle: Investors in R. Allen Stanford's Ponzi Scheme Could Soon Get Money Back
Investors in a $7 billion Ponzi scheme orchestrated by former Texas tycoon R. Allen Stanford could finally begin getting back some of what they lost in the next few months, after a recovery process that has dragged on for more than four years. Investors, some of whom lost their life savings, will see only a pittance of what they put into the scheme, but "the process got a boost this past week as parties that had been battling each other for control of about $300 million in frozen foreign bank accounts and other assets once owned by Stanford reached an agreement to work together."
