


The court-appointed receiver in the Stanford Financial case—whose job is to locate funds to return to investors—is suing some 400 of them in a controversial "clawback" case.
Allen Stanford's former college roommate James Davis is now the chief prosecution witness against him. Davis will testify that he witnessed and participated in Stanford's $7 billion Ponzi scheme, the New York Times reports.
With the global financial crisis bearing down on him in late-January, 2009, financier Allen Stanford traveled to Libya in search of a lifeline—money from the Gaddafi regime, whose sovereign wealth funds had been investing with Stanford for some time.
Akamai profit jumps 9 percent, with shares up 16 percent year-to-date, and a look ahead to Nuance Q1 earnings, with the Fast Money team.