Sir Garfield Sobers backs beleaguered cricket mogul Stanford
December 18th, 2009 - 5:08 pm ICT by ANITexas, Dec 18(ANI): Former West Indian cricketer Sir Garfield Sobers has stood up for Texan billionaire and fraudster Allen Stanford, who is in jail awaiting trial on charges related to an alleged seven billion dollar Ponzi scam, saying that his money had been good for Caribbean cricket.
“I know that some are pretending they never trusted him, but I couldn’t do that,” The Times quoted Sir Garfield, as saying.
“I did and I still do. I’ve seen pictures of him in chains, which they don’t seem to do to other people accused of crimes. I hope that he is cleared,” he added.
Stanford has been accused in several fraud investigations, and has been charged by the U.S. Securities and Exchange Commission with fraud and multiple violations of U.S. securities laws for alleged “massive ongoing fraud” involving billions of dollars in certificates of deposits.
He has also been accused of running a Ponzi scheme targeting clients of his offshore bank in Antigua.
Stanford has been in a detention facility in Houston since his arrest in June. (ANI)
- US suspected Allen Stanford's 'Ponzi schemes' long before ECB deal: WikiLeaks - Dec 21, 2010
- Cricket moghul Stanford hospitalized after prison fight with fellow inmate - Sep 26, 2009
- Cricket tycoon Stanford files 7.2 billion dollar lawsuit against US prosecutors, SEC - Feb 19, 2011
- Cricket mogul Stanford to be stripped of knighthood over Ponzi scam - Nov 03, 2009
- Cricket billionaire Stanford charged with 21 criminal offences in 'Ponzi' scam - Jun 20, 2009
- Cricket tycoon Stanford's fraud case delayed over mental incompetence to face trial - Jan 08, 2011
- US court finds 'mentally impaired' Stanford 'incompetent' to face trial in fraud case - Jan 27, 2011
- Cricket billionaire Stanford surrenders to FBI - Jun 19, 2009
- Cricket tycoon Stanford tries to surrender in Texas - May 01, 2009
- ECB faces legal threat over ill-gotten' Stanford gains - Feb 03, 2011
- Texan financier Stanford was 'US government informer' - May 11, 2009
- Judge rules 'serious flight risk' Stanford must stay in jail pending trial - Jul 01, 2009
- Cricket billionaire Stanford pleads not guilty to 'Ponzi' scam - Jun 26, 2009
- US billionaire Allen Stanford arrested - Jun 19, 2009
- England cricket board suspends negotiations with Stanford after fraud charge - Feb 18, 2009
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