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Financial Crime Weekly: Judge Orders $5.9 Billion Fine In Ponzi Scheme Case, SEC Chairman Appoints New Staff Members
Saturday, February 1, 2025 - 3:40pm | 462Federal Judge Orders $5.9 Billion Fine In Ponzi Scheme Case Chief Judge David Godbey of the Dallas federal court on Wednesday ordered Allen Stanford to pay a $5.9 billion civil fine, ending the Securities and Exchange Commission’s 16-year lawsuit against Stanford. Stanford is serving a 110-...