Another Ponzi schemer defrauds pals of $7 billion - but is he Jewish?

SHOOT: Is his name Stanford or Scamford? Btw he's not Jewish [http://tzvee.blogspot.com/2009/02/is-robert-allen-stanford-jewish.html].

Anthony J. Alfidi (URL) : So long, Sir Allen. Your next set of pinstripes will look a bit different.

clipped from www.forbes.com clipped from news.yahoo.com WASHINGTON – Texas billionaire R. Allen Stanford, whose sprawling banking empire collapsed this year, has been indicted for what prosecutors say is a $7 billion scheme to defraud investors. Justice Department officials planned to announce the charges against Stanford, who ran Stanford Financial Group, and six others at a news conference Friday. Also indicted were three executives of the company and a former Antiguan bank regulator. The indictment charges Stanford and other executives at his firm "would cause the movement of millions of dollars of fraudulently obtained investors' funds from and among bank accounts." The firm would give money to some investors "to perpetuate the false appearance that (Stanford's business) was financially sound," according to the indictment.