4/21/2010

Investigators said a former lawyer at the U.S. Securities and Exchange Commission blocked numerous attempts to investigate financier Allen Stanford, who is accused of running a Ponzi scheme, and then left the agency to do legal work for him. Spencer Barasch, former enforcement chief in Fort Worth, Texas, "repeatedly attempted to represent Mr. Stanford in connection with the investigation he had blocked for seven years," according to a report from the SEC's inspector general.

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