Texas Billionaire Surrenders To FBI Agents
STEVE INSKEEP, host:
And today's last word in business is I surrender. Allen Stanford turned himself into the FBI yesterday. Mr. Stanford is the Texas billionaire the government accused of running a multi-billion dollar Ponzi scheme out of the Caribbean Islands - or one of the billionaires accused of running a Ponzi scheme. He's also accused of using client funds to pay for his jets and his fancy homes. Stanford spent last night in more modest quarters - a Virginia jail - and he appears in federal court today.
That's the business news on MORNING EDITION from NPR News.