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Stanford whereabouts unknown after charges: SEC

Reuters – Federal regulators said on Wednesday they do not know the whereabouts of billionaire Texas banker Allen Stanford, charged with a "massive" $8 billion international financial fraud.

"We are unaware of his whereabouts," Securities and Exchange Commission spokeswoman Kimberly Garber said from Texas.

Asked if Stanford may be outside the United States, she said: "Certainly that’s a possibility, but we don’t know."

U.S. marshals assisting the SEC have been unable to serve Stanford with court orders freezing assets and appointing a receiver to run his Stanford Financial Group companies since a raid on his Houston headquarters Tuesday, Garber said.

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