Stanford Execs 'Borrowed' $1.6B From Investors: SEC

By Pete Brush ( March 2, 2009, 12:00 AM EST) -- Two men accused of masterminding an $8 billion Ponzi scheme through Stanford International Bank Ltd. also misappropriated $1.6 billion worth of investors' money, redirecting it into speculative and unprofitable private ventures, the U.S. Securities Exchange Commission alleged in an amended complaint filed Friday....

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