The Clarion-Ledger Editorial, 3/1/9
Fallout continues in the Stanford Financial probe, and it seems more will come before everything is settled.
What started as a civil complaint in which authorities alleged fraud has mushroomed into an international scandal affecting numerous countries and investors.
Company chairman R. Allen Stanford and Baldwyn resident James Davis, chief financial officer, are now being accused of implementing an $8 billion Ponzi scheme and taking billions from investors.
Another Stanford senior executive faces criminal charges related to the investigation.
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Lisa Mascaro, Associated Press
, Mary Clare Jalonick, Associated Press
, Matt Brown, Associated Press
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July 1, 2025
Senate passes Trump’s big tax breaks and spending cuts bill as Vance breaks 50-50 tie
The bill next goes back to the House, where Speaker Mike Johnson of Louisiana warned off big revisions from his chamber’s version.
