HOUSTON, (Reuters) – The Houston office of the FBI is seeking to identify victims in its criminal fraud investigation of Stanford Financial Group and its affiliated companies, the agency said yesterday.
The U.S. Securities and Exchange Commission last month accused Texas billionaire Allen Stanford, his college roommate and three Stanford companies of carrying out a “massive Ponzi scheme” over at least a decade and misappropriating at least $1.6 billion of investors’ money.
In its ongoing investigation “the FBI is seeking to gather additional information from investors in order to identify victims and determine the extent of any potential fraud,” the agency said.
