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Stanford Investors Sue HSBC, Others Over Deposits

By Christine Caulfield ( August 25, 2009, 6:50 PM EDT) -- Five banks, including HSBC Bank PLC and Bank of Houston, have been hit with a putative class action by a group of investors that accuse the institutions of playing an "essential role" in the alleged fraud scheme masterminded by Texas billionaire Robert Allen Stanford. . . .

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