"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
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 rates of return to…
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…
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…
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,…
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…