Texas financier R. Allen Stanford, under investigation in an alleged $8 billion fraud, is expected to be arraigned today on federal charges.

The same day the legendary defense lawyer signed on to represent Texas financier R. Allen Stanford, DeGuerin was already calling media organizations to give them a sneak peek of the defense.

The turnabout by James M. Davis, a director and chief financial officer of Stanford Financial, is a potential breakthrough for prosecutors pursuing an alleged $8-billion Ponzi scheme run by Texas financier R. Allen Stanford.

A top lieutenant of Stanford Financial Group was arrested Thursday and charged with obstructing the federal investigation of the offshore financial empire founded by Texas financier R. Allen Stanford.

Just when you thought R. Hunter Biden’s retirement as a lobbyist had removed the possibility his business dealings might embarrass his father, comes a report that he and his uncle had business ties with Texas financier R. Allen Stanford.

It was Bernard Madoff’s financial meltdown that helped implicate R. Allen Stanford, the flamboyant Texas billionaire accused of defrauding investors of $8 billion.

The Securities and Exchange Commission yesterday accused R. Allen Stanford and three of his companies with “orchestrating a fraudulent, multi-billion dollar investment scheme.”