Allen Stanford

  • News

    December 27, 2012

    Texas Crimes of the Year, 2012

    As it turns out, Texans indulged in all seven of the deadly sins.

  • Blogs

    September 13, 2012

    Laura Pendergest-Holt: Former Stanford Financial Head Gets Three Years In Prison

    Laura Pendergest-Holt, 39, the former chief investment officer for the Ponzi-scheming Stanford Financial Group, got her prison sentence today: up to three years in a federal pen. She got her sentence, prosecutors say, for "obstructing a U.S. Securities and Exchange Commission (SEC) investigation in ... More >>

  • News

    August 23, 2012

    Your Gonzo Guide to the Republican National Convention

    From cash-hungry strippers to protesters dressed as vaginas.

  • Blogs

    June 21, 2012

    Laura Pendergest-Holt: Stanford Financial CIO Pleads Guilty To Obstruction Charges

    The chief investment officer of Allen Stanford's disgraced Ponzi-scheme firm has pleaded guilty to obstructing investigations of it, the U.S. Attorney's Office says. Laura Pendergest-Holt, 38, said she had hoped to stall an SEC investigation into Stanford International Bank (SIB), the Antiguan offs ... More >>

  • Blogs

    June 14, 2012

    Allen Stanford Gets 110 Years, Despite Claiming Innocence

    Why can't a visionary huckster financial genius whose only aim is to help the little people lead better lives get a break? Cricket-loving Allen Stanford, Houston's second-best scammer after Enron, had proclaimed his innocence through an ever-changing series of attorneys representing him, but for so ... More >>

  • Blogs

    March 6, 2012

    Forget Blue-Eyed Butcher: Casting Lifetime Movies About Felicia Moon, Victoria Osteen & 3 Others

    Blue-Eyed Butcher was Lifetime's take on the Susan Wright case. It certainly wasn't the first TV movie to be based on a Houston case, and it won't be the last. In fact there are plenty of Houston stories just begging to be made into Lifetime movies. Like these five: 5. Trail Ridin' Dirty: The Feli ... More >>

  • Blogs

    March 6, 2012

    Allen Stanford Guilty on 13 of 14 Counts

    A federal jury has found Allen Stanford guilty on 13 of the 14 financial fraud counts he was facing, according to tweets from reporters at the federal courthouse. The verdict ends a long trial against the onetime kingpin Houston financier, who spent millions on cricket and Caribbean resorts but who ... More >>

  • News

    December 30, 2010

    Prison Pays

    Despite a history of abuse and bad conditions, private prison corporation GEO keeps getting contracts from the state.

  • Blogs

    December 7, 2010

    Allen Stanford: Too Damn Medicated To Go To Trial

    Bigtime financier Allen Stanford's lawyers are asking the court to let him out on bond, because he's just too high to get ready for trial. They don't use those exact words, but they tell the judge that prescription medicine Stanfard is taking for a variety of ailments, including those resulting fr ... More >>

  • Blogs

    October 27, 2010

    Allen Stanford: Now Officially Broke, Gets Good Attorneys

    Allen Stanford's new lawyer​Allen Stanford, the much-put-upon onetime gazillionaire, has finally reached the end of his assembly line of attorneys representing him against massive criminal-fraud charges.Stanford had been going through the higher echelons of the Houston criminal defense bar for som ... More >>

  • News

    May 27, 2010

    Rice's Baker Institute on Drugs

    KPFT recordings to be archived there.

  • Blogs

    May 18, 2010

    Allen Stanford Still Wants Out Of Prison, Dammit (Also: Check Out His Drug List)

    He wants out NOW​Accused Ponzi schemer Allen Stanford has issued another plea to the courts to get him the hell out of jail, stat.He filed a motion yesterday saying his ability to function, much less assist his lawyers with his defense, is severely hampered by keeping him a federal detention cente ... More >>

  • Blogs

    December 28, 2009

    Allen Stanford Breaks A Congressman's Heart

    ​Oh, Allen Stanford, Houston's biggest scammer since Ken Lay, dost the blackness of thine soul know no bottom?It was one thing to fool investors, but now you have broken the heart of a Texas congressman.The McClatchy chain's Washington, DC bureau has been examining Stanford's ties to members of Co ... More >>

  • News

    November 26, 2009

    Turkeys of the Year

    In a highly competitive 2009 field, Governor Rick Perry is the biggest gobbler of them all.

  • Blogs

    November 25, 2009

    And The 2009 Turkey Of The Year Is.....

    ​The suspense has been so thick you could cut it with....Oh, Christ, what's the word we're looking for here...some kind of cutting implement...a really sharp-edged melon-baller? No, that's not it. Maybe box cutters.At any rate, you can relieve that suspense right now by clicking on our current cov ... More >>

  • News

    October 29, 2009

    No Justice

    We've bailed out the banks. When do we go after the crooks behind our financial collapse?

  • News

    August 6, 2009
  • Blogs

    July 28, 2009

    Allen Stanford Deserves A Better Jail Cell, Dammit

    ​Allen Stanford, the alleged Ponzi-schemer who led a billionaire's life allegedly on the alleged backs of allegedly bilked investors, doesn't like his jail cell.It's got no air-conditioning, it's dark, it's crowded. In other words, it's a lot like Houston in the weeks after Ike. But we're guessing ... More >>

  • Blogs

    June 25, 2009

    What Do Allen Stanford And Pete Townshend Have In Common? A Kick-Ass Drug

    Houston's Allen Stanford has told a federal judge here he's not guilty of a billion-dollar Ponzi scheme; he's also asking to be let out on bail.Stanford's attorney, Dick DeGuerin, told federal magistrate that his client has has a bad week, what with all the transferring between jails.He also, accord ... More >>

  • Blogs

    June 19, 2009

    Houston's Ponzi-riffic Allen Stanford Is Indicted

    Photo via wikimedia commonsStanford in his cricket daysAllen Stanford, the man who singlehandedly revived Houston's fading Enron reputation for corporate scams (here's our feature take on him) has finally been indicted.A Houston grand jury indicted him on 21 charges of charged with 21 counts of cons ... More >>

  • News

    April 9, 2009

    The Rise and Fall of the Stanford Financial Group

    Castles and corruption lead to criminal charges.

  • Blogs

    March 18, 2009

    Is She Really The "Heidi Fleiss of Houston"?

    Sometimes one flip remark transforms things.One Houston cop calls a woman "The Heidi Fleiss of Houston," and the media goes nuts (Hey, including us.)But we're really not convinced Debbie Turbiville is up to Heidi Fleiss's standards.Until we see Joel Osteen's name on a credit-card bill, we're withhol ... More >>

  • Culture

    March 5, 2009

    He's The Man Who Came to Dinner

    The Alley does a pitch-perfect rendition of a classic comedy.

  • Blogs

    February 17, 2009

    Finally, Houston Has Its Very Own Financial-Meltdown Icon

    Houston has been pining since the Enron days. There's been a whole economic collapse going on, and it seemed like it was passing us by.Not in terms of job losses, of course, although we're doing better than most. But if there are shady businessmen about bilking people out of billions, then dammit, o ... More >>

  • Blogs

    February 17, 2009

    Allen Stanford And John Cornyn: Best Buds For Sun-Drenched Road Trips

    Who likes to travel with Houston's newest financial-meltdown icon?Senator John Cornyn, that's who.Talking Points Memo has the goods, via, on a "fact-finding trip" (quotes federally mandated by the US Department of Air Quotes) that Cornyn took on Allen Stanford's dime to Antigua and Bar ... More >>

  • Blogs

    February 13, 2009

    At Least This Financial-Scandal Houstonian Is More Eccentric Than Ken Lay

    Bloomberg is reporting that the Houston-based Stanford Group Co. is under investigation by the Feds. In the aftermath of the Bernie Madoff scandal, both the Securities and Exchange Commission and the Financial Industry Regulatory Authority want to know how Stanford can keep paying out 4.5 percent r ... More >>