Allen Stanford, the Texan billionaire and cricket enthusiast accused of an $8bn fraud, said that he expected to be indicted by US authorities in the next two weeks, The Times reports.
In an interview with ABC News, details of which were released last night, the financier also denied running a Ponzi scheme. "I would die and go to hell if it's a Ponzi scheme," said Mr Stanford, who cried during the interview, according to the television network. "Baloney. Baloney. It's not a Ponzi scheme. If it was a Ponzi scheme, why are they finding billions and billions of dollars all over the place?" he added. Mr Stanford, a flamboyant cricket fan who spent millions of dollars sponsoring the sport, is accused of running a Ponzi scheme, whereby he paid existing investors' returns wi...
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