DALLAS -- Texas billionaire R. Allen Stanford, chairman of the troubled Stanford Financial Group, surrendered to FBI agents in Virginia Thursday afternoon, his attorney said.
Law enforcement officials said Stanford is in custody after surrendering in Stafford, Virginia. Authorities plan to unseal an indictment charging Stanford on Friday, the officials said, speaking on condition of anonymity because they were not authorized to discuss the case.
Source: Associated Press
Stanford first came to prominence when he sponsored English Cricket's Super Series match where players received a million dollars per man for winning and nothing for losing.
It seems more and more of businesses that fall into financial trouble will have huge effects and implications for sport. Sport, finance and business are nto happy bedfellows. Some of the Corinthian spirit of sport has been lost. Money is more important than achievement.
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