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Federal agents entered the Houston office of Stanford Financial Group on Tuesday, about 15 U.S. marshals entered the lobby of Stanford's office in Houstons Galleria area.
Stanford Financial Group, which says it oversees more than $50 billion of assets, is being investigated by U.S. regulators, according to a person familiar with the matter.
The New YorkTimes reported that U.S. securities regulators had accused three top Stanford executives, including Robert Allen Stanford, of fraud.
Stanford whereabouts unknown after charges: SEC
WASHINGTON (Reuters) - Federal regulators said on Wednesday they do not know the whereabouts of billionaire Texas banker Allen Stanford, charged with "massive" international financial fraud, federal regulators said on Wednesday.
"We are unaware of his whereabouts," SEC spokeswoman Kimberly Garber said from Texas. Asked if Stanford may be outside the United States, she said, "Certainly that's a possibility but we don't know."