Allen Stanford, former chairman of the Stanford Financial Group of Companies, was convicted on Tuesday on 13 counts of fraud, conspiracy, obstructing justice, violating U.S. securities laws — for operating a Ponzi scheme. Sentencing is scheduled for June, which could result in Stanford remaining behind bars for at least another 20 years.
The anti-secrecy group WikiLeaks announced on Monday it would be working with over two dozen media organizations around the world to publish millions of e-mails from the Austin, Texas-based private intelligence-gathering firm Stratfor. And scandal is already brewing.
The documents reveal the inner workings of a company that offers controversial services to some of the world’s top corporations and government agencies from around the globe, the organization said. Everything from Stratfor’s sources to its information-gathering methods is expected to be made public.
Tensions are rising quickly in the investigation of the deadly federal gun-running operation “Fast and Furious” as Attorney General Eric Holder’s Department of Justice continues to unlawfully withhold subpoenaed documents. The persistent stonewalling prompted Congress to renew its warning that contempt proceedings against top Obama administration officials are imminent if the cover-up does not end.
U.S. Army PFC Bradley Manning (left) was formally charged on Thursday under the Espionage Act (18 USC Chapter 37) with 22 crimes, including aiding the enemy.