Reports have confirmed that the millions of dollars that were contributed to the US lawmakers by Allen Stanford, a main fraud suspect, and his staff over the past decade, are being thoroughly investigated by the US Federal Authorities.

The aim of the Justice Department investigation is to determine whether or not had the banker received special favors from politicians while he was in the process of carrying on the alleged $7 Billion Ponzi scheme that was centered on fraud certificates of deposit that were issued by his offshore banks in Antigua and Barbuda.

Stanford, who has pleaded not guilty to the charges, is currently awaiting a trail which is scheduled for January 2011. Since 2001, the accused has also reportedly spent $5 Million on lobbying.

Speculations are that an e-mail was sent to Stanford by Texas Republican Representative Pete Sessions, on the very day that the authorities made an announcement about the fraud charges against the banker, in addition to the $2.3 Million worth of contributions he had made to Sessions and other U. S. lawmakers.

No comments on the reports have yet been shared by the US Department of Justice.