There is something unpleasant but human about wishing a serious amount of ill on significant villains, or chuckling when they suffer. Stories claimed last year, for example, that Bernie Madoff was dying of cancer, which he wasn't, and then that he was badly injured by either a fall out of bed or an assault after a fight over money.

So it hasn't been surprising that a pair of excruciating photos of Allen Stanford--"Bloodied and shackled,"...

Sir Allen Stanford, alleged head of a $7 billion Ponzi scheme, will not be allowed to use a $100 million insurance policy to pay for his defense against the charges, Bloomberg reports.

A Houston federal judge said that Stanford probably laundered money, and (this is a little surprising) he should have told his insurance company and regulators about the laundering. Apparently failure to tell your insurance company you're doing something illegal is grounds to void...

Securities and Exchange Commission enforcement director Robert Khuzami today said that his agency has made great improvements since allegedly screwing the pooch when investigating suspected Ponzi schemer Allen Stanford.

Khuzami said that his agency is "also vigorously pursuing its case against Stanford and the others charged in this massive Ponzi scheme." He pointed to the "scope and egregiousness" of Stanford's crimes as reason for the SEC to "hold the wrongdoers accountable and seek maximum investor...

In a hearing before the Senate Banking Committee today, Securities and Exchange Commission Inspector General David Kotz gave lawmakers an earful about the SEC's handling of the alleged $7 billion Ponzi scheme run by Allen Stanford.

According to Kotz's report, which was released in April, the Fort Worth office of the SEC examined Stanford four times -- in 1997, 1998, 2002 and 2004. The agency believed that Stanford was running some kind of fraud, and...

In a hearing before the Senate Banking Committee today, Securities and Exchange Commission Inspector General David Kotz gave lawmakers an earful about the SEC's handling of the alleged $7 billion Ponzi scheme run by Allen Stanford.

According to Kotz's report, which was released in April, the Fort Worth office of the SEC examined Stanford four times -- in 1997, 1998, 2002 and 2004. The agency believed that Stanford was running some kind of fraud, and...