According to R. Allen Stanford’s lawyer, the man accused of orchestrating a massive $7 billion Ponzi scheme is still in the hospital undergoing tests related to a rapid heartbeat. The 59-year-old Texan has been held in custody since mid-June and was released to head to the hospital when his heart rate shot up to 300 beats per minute.
 
Today marks Stanford’s third day of hospitalization due to, as his lawyer claims, the prison not allowing Stanford, who suffers from high blood pressure, access to the medication he requires. He will undergo a test that will measure blood flow into his heart.
 
Nobody …read more

Texas billionaire R. Allen Stanford was recently accused of fraud through the creation of an enormous Ponzi scheme and despite his best attempts, he will remain in jail until his Texas trial. Stanford attempted to appeal the ruling that would have him stay in jail, but the 5th U.S. Circuit Court of Appeals in New Orleans has upheld a ruling that classifies Stanford as a flight risk.
 
Along with four executives of the now-defunct Stanford Financial Group, Stanford has been accused of collecting billions of dollars of investors’ money, paying off investors with the money collected from other victims, and then …read more

Kittel builds and sells a line of tiny houses, usually measuring about 200 square feet.