SEC Charges Ex-Stanford Execs Over Ponzi Fraud

Law360, New York (September 4, 2012, 6:44 PM EDT) -- The U.S. Securities and Exchange Commission charged three former executives of Stanford Group Co. on Friday with helping convicted fraudster Robert Allen Stanford pull off one of the largest Ponzi schemes in U.S. history.

In an administrative order, the agency accused former Stanford Group president Daniel Bogar, chief compliance officer Bernerd E. Young and senior vice president Jason T. Green of endorsing marketing materials used to sell bogus certificates of deposit issued by Stanford's Antigua-based bank.

The three executives took several trips to Antigua to investigate...
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