Indicted billionaire Allen Stanford, who was denied bail because he is a flight risk, is complaining through his lawyers that prison is just, well, icky. It’s hot, “oppressive”, and “intolerable” plus there’s no Internet or computers, and this is just simply beneath the dignity for an important person like himself. Yes, he’s a blowhard [...]
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Florida bank regulators hold a meeting to discuss their 'investigation' of Allen Stanford Miami Herald. This is damning stuff. I hope the pretend regulators involved to go to prison. Employees for disgraced banker Allen Stanford were shredding records and sending pouches to Antigua stuffed with money — under the watch of Florida regulators. He [...] It's just a conspiracy by over-zealous prosecutors, I'm innocent, I tell you.. Miami Herald Over objections by the state’s chief banking lawyer — including concerns that Stanford was laundering money — regulators granted sweeping powers never given to a private company. The new company was also allowed to sell hundreds of millions in bank [...] She has agreed to give up a claim to $80 million in assets while her husband Bernie loses all assets and gets sentenced on Monday. However, the SEC and the Madoff trustee can still go after Ruth Madoff for money, as can anyone who wants to sue her. Their penthouse will be sold, she’ll have [...] "This is even worse than having to fly coach and take off my shoes for TSA" (Reuters photo) As for that missing $7 billion, it was all an accounting oversight, a bookkeeping error, made worse by over zealous prosecutors who in their madness destroyed a once-prosperous business that wished only to offer insanely high [...] GQ has an in-depth article delving into Stanford’s rise to billionaire status, his alleged money laundering and role as DEA informant, and his amazingly brazen ways. My take: His current weepy / angry persona and bizarre asking to be arrested are just ploys by a con man to pretending to be an unstable goofball worthy [...] Sources close to the DEA believe he worked with the agency, turning over details of money-laundering from Latin American clients … effectively guaranteeing himself a decade’s worth of “protection” from the authorities, especially the SEC. In summer 2006, and investigation by the SEC into Stanford was stopped by another governmental agency. Golly, I wonder which [...] I trusted my subordinates but tragically they betrayed me The filing by court-appointed receiver Ralph Janvey [for Allen Stanford's crumbled empire] describes a gaggle of businesses with bloated payrolls, high overhead and dozens of different accounting systems “seemingly designed to obfuscate holdings and transfers of cash and assets.” Gosh, now why would anyone [...] Alex Dalmady has an admirably clear explanation of how the financial empire of Allen Stanford crumbled into nothingness. Basically, they were booking false profits into what they called Tier 3 and hoping a market surge would allow them to pay back investors. This may actually have worked during surging stock market years, but when the [...] Stanford Group CFO James Davis is in plea negotiations with federal prosecutors over the collapse of the company and a suspected $8 billion fraud. I wonder if Davis is been protected now by armed guards. If Stanford was laundering money for drug cartels, and much of it is missing, then quite possibly some folks might [...] |  | ||||
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