Found June 26, 2009 on
The Sporting Blog:
Allen Stanford is the financier and head of the Stanford Financial
Group recently accused of bilking investors of over $7 billion in a
ponzi scheme run from Antigua. How anyone did not see this coming is
beyond me, but it's proof that the rich are just as stupid as the
poor, just with sexier cars to crash when things go wrong. An
Antiguan bank offered impossible returns? Give me 100,000
shares! Humphrey, what is that delicious smell? Natural gas? No, don't
crack a window--it's delightful, and will go well with the cigar I'm
about to smoke!
Stanford is currently in federal custody. His financial empire is
unraveling as the SEC looks into his mostly fictional accounts, his
life is disintegrating, but he does have one ace in the hole, and a
mightily weird one at that: Vijay Singh. Singh, who had an $8 million
endorsement contract with Stanford Financial, attempted to pay
Stanford's $500,000 bail for him.
"Vijay's opinion is that Stanford has yet to be p...
Original Story:
http://www.sportingnews.com/blog/the_...
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