This is interesting, from the Triad Business Journal:
Stanford Financial Group has eliminated 66 jobs at three offices in North Carolina.
The company cut 20 positions in Greensboro, 35 positions in Charlotte and 11 in Asheville as of March 6.
Stanford closed its Greensboro office last month in the wake of accusations filed by the Securities and Exchange Commission alleging a multibillion-dollar, fraudulent investment scheme orchestrated by the company’s founder. A sign on the door of the Green Valley Road described it as “temporarily closed.”
The SEC sued Houston-based Stanford, two associates and three affiliated companies on Feb. 17, accusing them of orchestrating an $8 billion fraud through the sale of high-yield certificates of deposit through Antigua-based Stanford International Bank.