What's happening to Robert Stanford's victims and their money?


Sir Robert Allen Stanford, not exactly a name that one would associate with a Ponzi scheme. However, the financier and philanthropist has been charged with fraud for operating a $7 billion Ponzi scheme - which has stretched across continents and social classes. Stanford has spent the past week in jail and is set to face a judge today, who will determine if Stanford will stay in jail while he awaits trial.

This is just the tip of the iceberg however, as the story continues to unfold, playing out like a Hollywood tragicomedy. Today, police in Antigua and Barbuda arrested Leroy King on U.S. charges related to the Ponzi scheme. King is the administrator of the Financial Services Regulatory Commission for the Islands and was taken into custody today. King was dismissed from the position last night.