FBI find fraud charge billionaire Stanford.

FBI agents served legal papers on Sir Allen Stanford Allen Stanford[1], [2] is an American billionaire and philanthropist, and is well known as a sponsor of professional sports. He was awarded an honorary knighthood in 2006 by the government of Antigua and Barbuda. alleging a multi-billion dollar fraud after the "missing" billionaire was found driving in Virginia.

The cricket entrepreneur entrepreneur (än'trəprənûr`) [Fr.,=one who undertakes], person who assumes the organization, management, and risks of a business enterprise. had not been seen since being charged with frauds totalling 9.2 billion dollars (pounds 6.5bn) on Tuesday by regulators in the US.

But last night authorities located a "very co-operative" Stanford in a car in Virginia. "He wasn't hard to find," a spokesman for the FBI said, adding: "We said, 'Are you this guy?', he said, 'Yes', and we served the papers on him."

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Publication:	Daily Post (Liverpool, England)
Date:	Feb 21, 2009
Words:	92
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Topics:	Fraud