Stanford link to ‘second family fund’

In the News – A fund of hedge funds run by two members of US vice president Joe Biden’s family was marketed by firms connected to Sir Allen Stanford, it has been claimed.

The Texan billionaire is facing charges over a $9 billion fraud involving certificates of deposit with unrealistically high interest rates from his Stanford International Bank in Antigua.

The claims have rocked the worlds of investment and sport, with Sir Allen heavily involved with English cricket.

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