Say, have you seen SEC-cited billionaire sleazebag "Sir Allen" Stanford? 'Cause it seems the feds don't know where he is -- or care a whole lot:Hot and Latest News
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Say, have you seen SEC-cited billionaire sleazebag "Sir Allen" Stanford? 'Cause it seems the feds don't know where he is -- or care a whole lot


In case you didn't catch it, Howie added an update to yesterday's account of the charges by the SEC that billionaire sleazebag "Sir Allen" Stanford -- he claims to have picked up some sort of knighthood in Antigua -- had swindled investors out of who-knows-how-much out of some $8 billion worth of highly questionable CDs he sold. In that update, which I've reprinted below, sets out the details of our Sir's apparent escape-to-Antigua attempt via a rented private plane.

And sure enough, earlier today Bloomberg reported:
U.S. regulators don’t know the whereabouts of R. Allen Stanford, the billionaire accused of running a “massive, ongoing fraud” through his Houston-based Stanford Group Co., a Securities and Exchange Commission official said.

“We don’t know where he is, quite frankly,” said Rose Romero, director of the SEC’s office in Fort Worth, Texas.

Bloomberg also reported that Sir Allen "has six planes registered with the Federal Aviation Administration, according to the agency’s Web site," and that "Alfredo Perez, a spokesman for the U.S. Marshall’s office in Houston, which yesterday raided the company’s offices there, said he isn’t aware of any arrest warrant for Stanford." (The SEC's action was limited to filing a civil suit, though Bloomberg reported, "A federal judge in Dallas agreed to freeze assets and appoint a receiver to account for the roughly $8 billion investors spent on the CDs, according to the SEC.")

In his update, Howie also had some pointed questions regarding some of Sir Allen's famous connections. Here it is again:
WHAT, STILL NO ANKLE BRACELET?

CNBC reported this morning that "Sir" Allen tried to flee the U.S. on a private plane. Apparently he's desperate to reach the banana republic he owns a healthy chunk of but was foiled, neglecting to have sent a wire transfer to rent the getaway plane. He called them at 3pm and said he had to leave by 6pm for Antigua.

Does anyone know if Chuck Schumer and the other politicians who have aided and abetted Stanford in his offshore banking shenanigans have been asked about returning any of the million plus dollars he gave them as legalized bribes over the years? And since the SEC now says they don't know Stanford's whereabouts, I'm wondering if the FBI is on this. Or have his political connections given the word that he's allowed to escape?

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