Another Stanford employee told SEC it was a Ponzi scheme…in 2003

By our count, at least five former Stanford employees told the SEC they thought Stanford was running a Ponzi scheme, from 2003 on.

Yet the SEC resolutely did nothing, just like with Madoff.

Look folks, if this happened in some little banana republic we’d have no problem saying it was obvious and blatant corruption. Does anyone think it’s any different here? Or have an alternate explanation?