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OA260
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US Tycoon Sir Allen Stanford On Fraud Charges

Tue Feb 17, 2009 5:22 pm

Seems there is no end to all this corruption and dodgy dealings. Breaking on Sky News ::

Sir Allen Stanford On Fraud Charges

US tycoon Sir Allen Stanford has been charged with fraud in the US.

http://news.sky.com/skynews/Home/Sir...d_Charged_With_Alleged_Fraud_In_US
 
OHLHD
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Tue Feb 17, 2009 5:37 pm

Seems like there are 8,5 billion USD missing in his bank on the Bermudas ( from what I have read in a Austrian newspaper). He promised some 10-15% profits... that made him suspicious.
 
 
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OA260
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Tue Feb 17, 2009 9:41 pm



Quoting OHLHD (Reply 1):
8,5 billion USD

Thats a horrific amount . The S@@t will really hit the fan in this one.
 
oly720man
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Tue Feb 17, 2009 11:32 pm

You get the feeling that Stamford, Madoff and others of the ilk are little better than purveyors of letters from Nigeria, just "respectable".
wheat and dairy can screw up your brain
 
captaink
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Wed Feb 18, 2009 1:45 am

You know he was the owner of the Caribbean Star and Caribbean Sun Airlines, until he decided to get out of the airlines business. I remember when he visited the Grenada base, he was caught looking proudly on his Dash8s on the tarmac.. Big grin He was actually a cool down to earth guy.
There is something special about planes....
 
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OA260
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Wed Feb 18, 2009 8:15 pm

My cousin used to work at the Stanford Bank in Antigua.  Wow! Lucky shes gone now.

---------------------

People qued outside banks today to try get their savings out.
 
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yowza
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Wed Feb 18, 2009 10:10 pm

Well with the amount of money he's throwing behind 20/20 cricket you just knew something was wrong.

YOWza
 
baroque
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Thu Feb 19, 2009 4:00 am

Sounds like "easy come easy go" on steroids. Considerable embarrassment for UK cricket authorities. Have they checked Lords to see if he nicked anything? Well apart from their "standards".
 
NAV20
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Thu Feb 19, 2009 12:48 pm

Sad little sidelight on the cricketing aspects:-

"While the bulk of the team have cashed their cheques, five of them, including Shivnarine Chanderpaul and Ramnaresh Sarwan, were believed to have been persuaded to reinvest their winnings with one of Stanford's companies."

http://content-www.cricinfo.com/west.../content/current/story/391438.html

Ironic that, within an hour or so, those two guys will have to set out to bat most of today (in Antigua of all places!) to save WI from defeat in the Third Test by England.........

Poor devils.......

[Edited 2009-02-19 04:51:06]
"Once you have flown, you will walk the earth with your eyes turned skywards.." - Leonardo da Vinci
 
baroque
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Thu Feb 19, 2009 2:04 pm



Quoting NAV20 (Reply 9):
Ironic that, within an hour or so, those two guys will have to set out to bat most of today (in Antigua of all places!) to save WI from defeat in the Third Test by England.........

Irony indeed. Was the other outfield a result of Stanford beneficence too?
 
lhr380
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Thu Feb 19, 2009 2:19 pm

Have they caught up with him yet?

I heard on BBC News that he had tried to get a private flight out of the US but his credit card was refused lol
(The views on this site are my own and no one elses)
 
CPH-R
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Thu Feb 19, 2009 4:09 pm



Quoting Baroque (Reply 10):
Irony indeed. Was the other outfield a result of Stanford beneficence too?

Sadly that was just the WICB incompetence. As someone mentioned on TMS, imagine what could have been done at the ARG in terms of upgrades with just 10% of the money spent on the white elephant that is the Viv Richards stadium.
 
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OA260
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Thu Feb 19, 2009 10:03 pm

The FBI have found him and filed ''Civil'' papers on him in Fredericksburg,Virginia.
 
lhr380
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Thu Feb 19, 2009 10:30 pm



Quoting OA260 (Reply 13):
The FBI have found him and filed ''Civil'' papers on him in Fredericksburg,Virginia.

Good
(The views on this site are my own and no one elses)
 
baroque
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RE: US Tycoon Sir Allen Stanford On Fraud Charges

Fri Feb 20, 2009 7:22 am



Quoting LHR380 (Reply 14):
Quoting OA260 (Reply 13):
The FBI have found him and filed ''Civil'' papers on him in Fredericksburg,Virginia.

Good

And:
http://www.chron.com/disp/story.mpl/headline/biz/6270655.html
Venezuela takes control of Stanford bank there
Looks as if Stanford was a bigger threat to wealth in Venezuela that Hugo!!

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