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...action also charged the bank's chief financial officer, James Davis, as well as Laura Pendergest-Holt, chief investment officer of Stanford Financial Group. A temporary restraining order entered by U.S. District Court Judge Reed O'Connor froze Stanford's assets, and a receiver has been appointed to marshal them...

Author: /time Magazine | Title: SEC Charges Allen Stanford with Multibillion-Dollar CD Fraud | 2/17/2009 | See Source »

...outgoing enforcement chief, Linda Thomsen, said Stanford promised "improbable and unsubstantiated high interest rates" allegedly earned through a unique investment strategy. The bank purportedly achieved double-digit returns on its investments during the past 15 years...

Author: /time Magazine | Title: SEC Charges Allen Stanford with Multibillion-Dollar CD Fraud | 2/17/2009 | See Source »

...sounding board for University administrators and conducts reviews of schools, programs, and specific issues of interest, such as campus arts. Major administrative and teaching appointments, such as that of the University President, require the approval of both the Overseers and the Corporation—the University’s chief governing body...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: HAA Announces Overseer Candidates | 2/17/2009 | See Source »

...democratically elected version of Fidel Castro's autocratic rule over Cuba. His fans counter that some democratic countries such as France allow their leaders to be re-elected indefinitely. But analysts say France has more developed political institutions that exert stronger checks and balances on chief executives. That's not always the case in Latin America, argues Walsh, who says Chavistas "are deluded if they think those institutions are working as they should right now in in Venezuela." (See pictures of Castro in the jungle...

Author: /time Magazine | Title: What Chávez Win Means for Latin American Democracy | 2/16/2009 | See Source »

...comments as sniping that the Czechs are not up to the task of running the E.U., a task they took over from Sarkozy himself at the start of the year. There is also whiff of 'Old Europe' sneering at the E.U.'s newer eastern European members. But Hans Martens, chief executive of the European Policy Centre (EPC), says it is more a reflection of a Gallic instinct to intervene...

Author: /time Magazine | Title: Amid Crisis, Cars Start to Drive Europe Apart | 2/16/2009 | See Source »

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