Originally published on Wed February 26, 2014 3:16 pm
The U.S. Supreme Court ruled today that investor lawsuits may go forward against investment advisors and others for allegedly helping Texas tycoon Allen Stanford in a massive fraud.
Stanford was sentenced to 110 years in prison for bilking investors in a $7 billion Ponzi scheme. The investors who lost money are suing others involved in the scheme, contending that they also engaged in misleading conduct.
With Ukraine in a political limbo following the flight of its president Saturday, the name of Arseniy Yatsenyuk is being put forth as the country's next leader until new elections are held in May. Yatsenyuk is a member of the Batkyvshchina party, whose leaders include former prime minister Yulia Tymoshenko.
On Wednesday, a web page dedicated to Yatsenyuk announced, "Began collecting signatures under the agreement on forming a coalition. The government will be voted on Thursday," according to a web-based translation service.
Just three years after protesters and the Egyptian military drove Hosni Mubarak from power, the revolution hasn't delivered what many Egyptians expected, and hopes are fading that it ever will.
Military commander Abdel Fattah al-Sisi is widely expected to announce his candidacy for president any day now. The charismatic strongman would be the frontrunner and his candidacy would be a landmark in the ongoing military crackdown now restricting many of the freedoms Egyptians hoped for when toppling Mubarak.