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Investors: Stanford verdict won't restore $7B loss

Investors taken in by Texas tycoon R. Allen Stanford expressed relief and a sense of vindication after a federal jury convicted the jet-setting financier of swindling them out of more than $7 billion. But they said the verdict will never replace the loss of their life savings.Full story

Investors bilked in $7B scheme feel forgotten

Sitting in the back of a courtroom where Texas tycoon R. Allen Stanford is being tried for fraud, retired IBM engineer Jim Eccles was eager to see the man accused of bilking thousands of investors in a $7 billion Ponzi scheme. Eccles, who lost his life savings, said he'd spent hours traveling on a b Full story

Prosecutors rest in fraud trial of Texas financier

Attorneys for jailed Texas tycoon R. Allen Stanford on Wednesday began their defense in his fraud trial after prosecutors rested their case following three weeks of testimony in support of their claims the financier was behind a massive Ponzi scheme that took billions from investors. Full story

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A five-metre replica of a devil burns during a "Quema del Diablo" ceremony in Antigua
A five-metre replica of a devil burns during a "Quema del Diablo" ceremony in Antigua

A five-metre replica of a devil burns during a "Quema del Diablo" ceremony in Antigua, 217 km off Guatemala City, December 7, 2011. Locals believe that the devil symbolizes evil and negativity, and burning its replica would alleviate them of these problems. However, environmental groups have cond