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R Allen Stanford News

R Allen Stanford News From AOL News

Feds Want Collection of Boras Clients to Pay Back Millions in Stanford Scam

By Andrew JohnsonJun 29th 2009 – 4:01PM

Federal authorities have asked seven Major League Baseball players -- Greg Maddux, Bernie Williams, Johnny Damon, J.D. Drew, Andruw Jones, Carlos Pena and Jay Bell -- to return millions of dollars that they received from investor R. Allen Stanford as part of a payout in his alleged Ponzi scheme, according to a report in...

Background on R Allen Stanford

Allen Stanford (born March 24, 1950) is a former prominent financier and sponsor of professional sports who is in prison awaiting sentencing, having been convicted of charges that his investment company was a massive Ponzi scheme and fraud.

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