Texas Fraud Scheme

917 views · Published 18 February 2009 · 1:56 · Indexed 20 September 2026

Channel: CBS News · 2009 · News & Politics

Watch on YouTube

Financier R. Allen Stanford is accused of scamming investors out of nearly $8 billion and misrepresenting how well his firm's investment portfolios had performed in the past. Bob Orr reports.

More from this channel