FBI Finds Stanford in Virginia

By John Johnson,  Newser Staff
Posted Feb 19, 2009 4:11 PM CST
FBI Finds Stanford in Virginia
In this June 11, 200,8 file photo, Sir R. Allen Stanford waves at Lords Cricket Ground in London.   (AP Photo/Lefteris Pitarakis, File)

Manhunt over: FBI agents located fugitive financier Sir R. Allen Stanford near Fredericksburg, Va., today and served him with civil legal papers on behalf of the SEC. Stanford, accused of bilking investors of $8 billion, is not under arrest and remains free. He did, however, turn over his passport to authorities and promised not to flee, ABC News reports. One of Stanford's lobbyists described him as "very depressed."
(More Stanford Financial Group stories.)

Get breaking news in your inbox.
What you need to know, as soon as we know it.
Sign up
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.