IRS wants $227 million in back taxes from Stanford


R. Allen Stanford investors trying to get back their money from his bank in Antigua may have to wait in line behind the U.S. Internal Revenue Service, which wants at least $226.6 million of any assets remaining. Stanford, a Texas financier, was accused of an alleged $8 billion Ponzi scheme just weeks after Madoff.

The IRS filed its motion on March 13 in the U.S. District Court in Dallas. That court is sorting out claims for the $1 billion in frozen assets that were seized last month. Frozen assets include customer accounts and gold coins and bullion.