Missing Texas Billionaire Found in VA, Served With Papers in Investor Fraud Charges
Stanford was located early today and served papers in the case in which he's charged with massive investor fraud:
Feb. 20 (Bloomberg) -- Two days after being accused of massive fraud, billionaire R. Allen Stanford surfaced in a Virginia community about 50 miles south of Washington.
Federal Bureau of Investigation agents were waiting yesterday at a residence in the Fredericksburg area when Stanford’s car pulled up, according to a person familiar with what transpired. The FBI then served him court papers. He was described as cooperative and cordial.
Stanford, 58, accused by the U.S. Securities and Exchange Commission this week of running a “massive, ongoing fraud,” was served with papers related to an SEC civil filing against him and the Stanford Financial Group. Stanford, whose whereabouts were unknown to the SEC earlier in the week, was found with an unidentified woman.
The SEC sued Stanford and two aides on Feb. 17, accusing them of misleading investors about $8 billion in certificates of deposit in Antigua-based Stanford International Bank.
The FBI is investigating the fraud allegation, a person familiar with the case said this week. That investigation is separate from the bureau’s encounter with Stanford yesterday.
is finally starting to do it's job better late then never I suppose.
fraud... I am not holding my breath.
I assume another house arrest is coming soon.
I mean, Madoff is pretty much on a nice vacation. Now, if either of these white fellers had been a poor black man stealing a slice of pizza... I am sure they would be spending 20 to life in Sing Sing...
This country and our scale of values are so f*cked up it ain't even funny anymore.
and I was being a cynic.
now i want to know...who told them not to investigate all these ponzi schemes
and i have a feeling that this goes all the way to the bush wh
taking impeachment off the table was the worst thing pelossi ever did
it allowed the crooks to keep taking till nothing was left
we are about to witness a global depression of epic proportions
she of the 15 years working there doing the super sleuthing and protecting investors monies.
Is it me?
The sound works fine for me.
.
the Madoff exception, which is that, if you steal enough money, they leave you alone, don't throw you in jail. They treat you real good.
Compared, say, to some kid who pulls a gun and knocks-over a liquor store for $100. Him? He'll see the sky in 15 years if he's white (40 if he's black)...
Served him with papers?! That'll show him!
(Count Floyd voice): Boo, scary legal papers, kids!
Who's Count Floyd?
I'm more of the Count Down generation.
Diabolus est Deus Inversus
He of the Evil House of Wax, The House of Cats, or Death Motel, to name a few screamthrillers ... frequently accompanied by Woody Tobias Jr, his humpbacked pal (Eugene Levy), and Doctor Tongue (John Candy).
Canuck classics!
I miss John Candy so much. He was a sweetheart.
The whole SCTV gang was much better imho than SNL.
John Candy was such a doll. Julia Child (I loved her, too) got such a kick out of his impersonation of her.
I like Dan Ackroyd's better, "I cut the dickens out of myself..."
Diabolus est Deus Inversus
by a cell phone ping?
Study the symptoms not the virus...
And yet, they didn't arrest him. If you steal millions or billions, you get treated with kid gloves. A poor person steals a slice of pizza, and it's his third offense? Life sentence.
it basically, because they arent exactly sure what he did
it kills me
The authorities seem to have no such problem when it comes to arresting pot users.
And they keeps up the sales figures for Twinkies, Doritos, Ding Dongs and Ho Ho's.
But only the desperatly hungry would eat a Dolly Madison or a Little Debbie.
Diabolus est Deus Inversus
I get the feeling you've done both!
hehe
bunch of friends I had at Fire Island.
We're they flamers?
Diabolus est Deus Inversus
How is Seannie going to handle his advertiser now?
They headed him off at the pas?
Diabolus est Deus Inversus
Seems he gave $35,000 of donated campaign monies to his sister's company for catering/web services, alas the company hadn't existed for nearly a year...
Expect a slap on the wrist and some money changing hands.
IOKIYAR or Sir Allen Stanford or Bernie Madoff (SEC protected)
Remember the NRCC also has a big million(s) dollar hole in its accounts and and years of missing audits.
IOKIYAR yet again, is there anything the Republicans or their friends haven't stolen !?
I guess when I am able to hear clip the father part will be explained??
He was interviewed and said he didn't believe son guilty.
Pendergest-Holt, who last night was at her childhood home in Baldwyn, Mississippi, was preparing to travel to Houston to work with the company’s receiver.
She declined to talk about Stanford Group and referred questions to her lawyer, Brent Baker of Parsons Behle & Latimer in Salt Lake City.
Brent R. Baker BA’84 >"Before joining the firm, Baker was deputy general counsel at Overstock.com. He has also formerly served special counsel at the SEC and a special assistant U.S. Attorney."
Study the symptoms not the virus...
" Susan Stanford married him in 1975, seven years after he graduated from high school in Forth Worth, Texas. The couple has long been separated.
She filed for divorce in November 2007, and the case is still pending. Her lawyers have asked Allen Stanford to pay $225,000 in attorney's fees to one of Susan Stanford's lawyers, plus smaller amounts to other lawyers.
In state court filings in Texas, she has asked the court to award her "exclusive use and control" of two Mercedes, a Porsche Boxster, a home in Houston's upscale Tanglewood neighborhood and a condominium in a Houston building called the Huntingdon, where the widow of former Enron chairman Ken Lay lives." :-)
Study the symptoms not the virus...
The plot thickens.
just a stature thing, but who knows these days. :-/
Study the symptoms not the virus...
He looks remarkably like Rick Santelli.
He'll serve less time than someone who steals $20 from a conveience store...
for anything in the world and have to wonder what I did wrong in his child rearing.
Only when the last tree has died
and the last river has been poisoned and the last fish has been caught
will we realize we cannot eat money.
So it appears that those brilliant minds of Wall street, those talented people who MUST be given outrageous compensation for fear of losing them... are all swindlers. Someone please tell me, what exactly would we lose if these crooks left for greener pastures?
While they are at it, why don't they arrest Sean Hannity for criminal conspiracy. Invoke RICO and put both the bastards in prison.
"Respect for the rights of others is peace." --Benito Juarez
Just another Reslug criminal busted for ripping off money.
Served him papers?? Served him papers??No handcuffs? No arrest for disappearing? No arrest at all? You kiddin me????? Geez.
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