Found! Accused Scammer Stanford Turns in Passport in Washington

SEC Moving to Seize Billionaire’s Planes, Yachts, Bank Accounts and Homes

The billionaire banker accused of scamming $8 billion, R. Allen Stanford, was located by FBI officials today and served with civil papers by the SEC, putting an end to a nationwide search.

Plane used by Alan Stanford
Plane used by R. Allen Stanford.

(ABC News/AP Photo)

Stanford later turned in his passport today to federal prosecutors, saying “he would not flee,” according to one of Stanford’s lobbyists, Ben Barnes.

Stanford was located in the Fredericksburg, Virginia area, the FBI said in a statement.

Stanford is “very depressed,” according to Barnes and sought to end a federal manhunt for him by directly approaching officials at the Justice Department, Barnes said.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: