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American regulators had concluded in 1997 that Allen Stanford, the sports-mad financier who bankrolled English cricket, was probably a fraudster, but they didn't charge him for 12 more years because it was too complicated a case.
Mr Stanford’s financial empire was hidden largely offshore in Antigua, where he received a knighthood from the government for his services to the economy and to cricket. He was finally arrested last year and is awaiting trial in his native Texas, having denied fraud.