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US Ponzi Schemes Set Off International Probes

Law360 (February 20, 2009, 12:00 AM EST) -- As the U.S. Securities and Exchange Commission pursues charges in the wake of the two massive Ponzi schemes uncovered in recent months, one alleged to have been orchestrated by financier Bernard L. Madoff and the other by banker R. Allen Stanford, regulators outside the U.S. are also working on their own investigations, or at least attempting to contain any damage within their borders.

When sizable financial fraud schemes that cross international borders come to light, experts say, regulators outside the alleged perpetrator’s home country generally focus...
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