Allen Stanford To Be Arrested

Looks like Allen Stanford has come to the end of the line.

Per Reuters:

Texas billionaire Allen Stanford was prepared to surrender to U.S. authorities in Virginia on Thursday night after a warrant was issued for his arrest, Stanford’s lawyer said.

“A warrant has been issued for his arrest,” Houston attorney Dick DeGuerin said, saying that he had spoken by phone to Stanford, who is accused of a massive fraud. “He will surrender.”

It was not yet clear what criminal charges he faces. According to the Houston Chronicle, a grand jury weighing the charges against Stanford returned a sealed indictment earlier on Thursday.

A U.S. Justice Department spokeswoman declined to comment. The Houston Federal Bureau of Investigation also declined comment.

What took so long?

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