R. Allen Stanford Joins Broke-Billionaires Club


Although he has an estimated net worth of at least $2 billion, according to a 2008 paternity case filed against him, Robert Allen Stanford, who has been accused by the SEC of perpetrating a “massive” fraud, said in a court filing that he has “been unable to retain counsel due to all of my assets and money having been seized by the actions of the court-appointed receiver.” [Bloomberg]