WASHINGTON (Reuters) - Texas billionaire Allen Stanford and top aides at his investment group failed to respond to recent subpoenas seeking their testimony on what federal investigators now call a "massive" fraud, court papers said on Tuesday.
The Securities and Exchange Commission said it had issued subpoenas to Stanford, aide James Davis and O.Y. Goswick, a board member of Stanford International Bank. "None of these witnesses appeared for testimony or produced a single document," the SEC said.
(Reporting by Randall Mikkelsen, editing by Jackie Frank)