The Stanford Financial Group, based in Houston, Texas, USA, is a privately-held conglomerate of independent, affiliated financial services companies with 30,000 clients in more than 50 offices in 136 countries on six continents. It is led by Chairman and CEO, Sir Robert Allen Stanford, a billionaire financier. It oversees approximately US$50 billion of assets. On February 17, 2009, U.S. Federal agents put the company under management of a receiver, because of charges of fraud. Good Times!
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