Thanks to an anonymous tipster, who sent me the link to this piece from pMSNBC:
Federal regulators on Tuesday charged Texas financier R. Allen Stanford and three of his companies with a “massive” fraud that centered around high-interest-rate certificate of deposits.
In a complaint filed in federal court in Dallas, the Securities and Exchange Commission alleged Stanford orchestrated a fraudulent investment scheme centered on an $8 billion CD program that promised “improbable and unsubstantiated high interest rates.”
Stanford’s assets, along with those of the three companies, were frozen. Stanford’s companies include Antigua-based Stanford International Bank and broker-dealer Stanford Group Co. and investment adviser Stanford Capital Management, which are both based in Houston.
Looks like Emageon dodged a bullet. I still wonder if the $9 Million check from HSS cleared….