Wednesday, February 18, 2009

Update on Missing Fraudster Allen Stanford

[B]ack in the beginning of this decade he was pouring tons of money into Washington to help block a series of bills that would have created problems for his Antigua-based off-shore banking empire, which now appears to have been a massive fraud

[...]

Stanford poured hundreds of thousands of dollars into Democratic coffers to help (successfully) deep six legislation he wanted killed.

  TPM

The head of Stanford Financial Group charged with orchestrating an $8 billion fraud tried Tuesday to get a one-way flight out of the country, a source told CNBC.

R. Allen Stanford tried to arrange the direct flight to Antigua, where his offshore banking operations are based.

He contacted a private jet owner at 3 pm and attempted to pay for the flight with a credit card, but was refused because the company would only accept a wire transfer, a source in the private jet industry said. Stanford had asked to leave by 6 pm.

  CNBC

He doesn’t have his own private jet? Didn’t think to have lots of cash?

I guess we still don’t know where he is, though.


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