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Catch of the day

June 19, 2009

R. Allen Stanford’s indictment for his role in masterminding the second-largest Ponzi scheme ever was never in doubt, after the Securities and Exchange Commission charged him with civil fraud in February. But that’s not stopping the SEC and federal prosecutors from holding a Texas-sized shindig to trumpet their big get.

The authorities are staging a big press conference at Department of Justice headquarters to announce the filing of crimnal charges against the Texas financier, who was arrested last night in Virginia at the home of his girlfriend’s brother.

Attending the law enforcement barbeque will be Asst. Attorney General Lanny Breuer, SEC Director of Enforcement  Robert Khuzami, South Texas US Attorney Tim Johnson, officials from the FBI, Postal Inspection service and others.

But the big question right now is who else will be charged with Stanford in the indictment.

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