• U.S. charges Allen Stanford with massive fraud

    Stanford used false information to promote a mutual fund program separate from the CDs. The program grew to more than $1.2 billion from less than $10 million in 2004. There was no sign of imminent federal criminal charges against Stanford. James Dunlap, a lawyer representing about a dozen investors who bought CDs from Stanford Financial Group, said he planned to sue the financial firm as early ...