More fraud charges in Stanford case
Published:Thursday | September 23, 2010 | 12:08 PM
The US government says it plans to file new charges against several executives involved in Texan financier Allen Stanford's multi-billion dollar Ponzi scheme.
A US Security and Exchange official says they have notified a number of former Stanford executives that they intend to recommend fraud charges against them.
Those likely to be charged include former high level executives and financial advisors, as well as the former Head of Antigua's financial services regulatory commission, Leroy King.
Allen Stanford has already pleaded not guilty to 21 counts of fraud.
He’s in prison awaiting trial.