Once the lucrative future of English cricket, Sir Allen Stanford faces disgrace after being charged with running an $8bn (£5.6bn) fraud. The Securities and Exchange Commission accused the Texan-born billionaire and his close staff of misleading investors and falsely claiming their money was safely invested and delivering healthy returns. Some analysts had started questioning how Stanford International Bank had managed to consistently perform well through the financial crisis
Photograph: Tom Shaw/Getty
Photograph: Tom Shaw/Getty
P.S. Bolds and Highlights added. "Sir" Stanford