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CBS and ABC both treated the Allen Stanford case as newsworthy enough for assignment to a correspondent. "Stanford's days as a jet-setting billionaire traveling the world are over," declared ABC's Brian Ross as the financier was served civil papers from the Securities & Exchange Commission in its $8bn fraud probe and he surrendered his passport to the Justice Department. CBS' Bob Orr reported that Stanford was "extremely cooperative" with FBI agents. "He accepted the papers and then simply drove away. He was not arrested."
ABC's Ross insinuated that remaining free might not be so salutary: "An even more serious problem for Stanford may be an FBI investigation into whether he was involved in handling money for Mexican drug cartels--men who do not like to be cheated."
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