Accused of embezzling $8 billion from investors, eccentric financier and tabloid magnate Sir Allen Stanford (the first-ever American to be knighted in Antigua, where he has significant property holdings) surrendered to the FBI on Thursday night in Virginia, according to his attorney. Chairman of the embattled Stanford Financial Group, the Texan billionaire and cricket enthusiast first faced SEC charges early this year, and is now under investigation by a Houston grand jury.
Read it at the Associated Press
