Well you can read about the Allen Stanford mess here, here, here and here.
I'm not going to comment on it. I'm sure a lot of the media pack will be crowing. Personally i have nothing against rich Americans. My best friend from college migrated there and is now a rich American, for some reason he didn't want to remain here a slightly less rich Brummie. He does own a Jag though, living the dream!
Update : i must admit though i do find it rather amusing that he tried to flee the US but his credit card didn't work!