Bernard Madoff is allegedly the king of all scams, accused of that $50 billion Ponzi scheme. Now meet a "Mini-Madoff". Today the Feds caught up with financier Robert Allen Stanford and served him papers accusing him of overseeing a $9.2 billion dollar investment fraud scheme.
As Randi Kaye will report tonight, investors linked to Stanford around the world have tried to rescue their money from Antigua to Venezuela to Mexico.
Here's what we found interesting. Stanford was located in Fredericksburg, Virginia and was not taken into custody. But the SEC says he's connected to a "fraud of shocking magnitude."
Just months ago, Stanford was on the Forbes 400 list of wealthiest Americans, reportedly worth more than $2 billion. Now all his assets have been frozen by a U.S. judge.
Tonight on AC360°, we'll have more details on this accused swindler and show you his political connections on Capitol Hill.
We're also tracking the latest job loss numbers. It's not pretty. But when will it get better? CNN's Chief Business Correspondent Ali Velshi offers his prediction.
Do you think it will get worse before it gets better? Share your thoughts below.
We'll have these stories and more at 10pm ET.
See you then!
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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