allen stanford

Fraud and insider trading charges against two Texas billionaires have created a political snag for the GOP. Samuel and Charles Wyly, brothers who founded Sterling Software and sold it for nearly $4 billion in 2000, have contributed hundreds of thousands of dollars to Republican candidates in recent years. The Securities and Exchange Commission has charged them with running a stock fraud scheme that earned $550 million.  

U.S. District Judge Nancy Atlas of the Southern District of Texas today denied R. Allen Stanford's motion to disqualify Akin Gump Strauss Hauer & Feld from representing the defendants in Stanford's insurance-coverage suit. In a Memorandum and Order , Atlas wrote that she is "sensitive" to preventing conflicts of interest, but "Stanford, however, has failed to satisfy his burden to demonstrate he personally was a former client of Akin Gump and has also waived any alleged conflict that may have existed." On  

This can't be much of a surprise. The Wyly Brothers and Allen Stanford -- both Texas based, with a fondness for offshore financial dealings -- have a connection. Louise J. Schauffele, a broker who worked on behalf of the Dallas-based brothers, also worked for Stanford.  

Under a little-noticed provision of the recently passed financial-reform legislation , the Securities and Exchange Commission no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act. The law, signed last week by President Obama, exempts the SEC from disclosing records or information derived from "surveillance, risk assessments, or other regulatory and oversight activities." Given that the SEC is a regulatory  

WASHINGTON , July 28 /PRNewswire-USNewswire/ -- The Wall Street Journal won two awards and the Miami Herald, Seattle Times and Chicago Tribune won one apiece in the annual National Press Club journalism awards. PBS's Frontline was among the broadcast winners. Judges also recognized several non-traditional journalism outlets, such as ClimateWire.  

A judge said Monday he won't "micro-manage a lawsuit that dozens of mostly south Louisiana investors filed last summer against state financial regulators, Stanford Trust Co. and an out-of-state investment firm.  

Former Stanford Financial Group executives shouldn't be forced to testify at an insurance-coverage trial about their roles in an alleged $7 billion fraud run by Allen Stanford before a criminal trial can be held, their lawyer said in a court filing.  

Former international cricketer Courtney Walsh talks about the upcoming Caribbean T20, his desire to play and whether the criticisms against WI captain Chris Gayle are justified. -  

The company of local and visiting actors and directors is made up of Fredi Bernstein, Jarrod DiGiorgi, Tami Dixon, Nike Doukas, Martin Giles, Matthew Gray, Michael Hanrahan, Leo Marks, Sheila McKenna, Ric McMillan, Larry John Meyers, Andrew S. Paul, Doug Pona, Bernadette Quigley, Alan Stanford, Sam Tsoutsouvas and David Whalen.