Pelosi cuts a rug.
Posted on 02/18/2009 3:33:43 PM PST by kcvl
The SEC's fraud charges may be the least of accused financial scammer R. Allen Stanford's worries. Federal authorities tell ABC News that FBI and others have been investigating whether Stanford was involved in laundering drug money for Mexico's notorious Gulf Cartel.
Authorities tell ABC News that as part of the investigation, which has been ongoing since last year, Mexican authorities detained one of Stanford's private planes. According to officials, checks found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico's most violent gang. Authorities say Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.
Authorities say the SEC action against Stanford Tuesday may have complicated the federal drug investigation.
The federal investigation, however, did not stop Stanford from using corporate money to become a big man at last year's Democratic convention in Denver.
A video posted on the firm's web-site shows Stanford, now sought by U.S. Marshals, being hugged by Speaker of the House Nancy Pelosi and praised by former President Bill Clinton for helping to finance a convention-related forum and party put on by the National Democratic Institute.
(Excerpt) Read more at abcnews.go.com ...
Accused Fraudster Stanford Partied With Pelosi, Clinton in Denver...
Pelosi cuts a rug.
say it aint so!...;)
Remember the outrage about ‘ENRON’ and Republicans?!
Let’s see if we get the same coverage over this!!! /s
Dancing with a fugitive crooked drug dealer. Ain’t that swell?!!! lol!
A “Culture of Corruption” we can believe in!
I’m sure this story will be above the fold on all major newspapers, and will be the lead story on all the network news shows....
If it were republican LEADERS living it up with the guy, there’s little doubt what the news coverage would be like.
Per Drudge:
Accused Financier Under Federal Drug Investigation...
Hugged by Pelosi, Clinton in Denver...
Charges Spark Run On Banks; Panicky Depositors Turned Away...
Rush To Withdraw Cash...
Hunt for missing billions...
Somebody at ABC forgot they are required to look the other way when these types of connections come to light. I'm sure a letter of reprimand will be forthcoming from Obama's Ministry of Media. ;)
Don’t forget, “fugitive financier” R. Allen Stanford.
This is flying very low on the media radar so far today, even with Drudge all over it.
Manhunt: Accused Financier Scammer Stanford Missing February 18, 2009
Texas financier R. Allen Stanford is accused of cheating 50,000 customers out of $8 billion dollars but despite raids Tuesday of his financial empire in Houston, Memphis, and Tupelo, Miss., federal authorities say they do not know the current whereabouts of the CEO.
http://abcnews.go.com/Blotter/WallStreet/story?id=6903014&page=1
.....
According to an ABC News report, authorities found checks inside of one of Stanford's jets that are believed to be connected to the Gulf Cartel, known to be one of Mexico's most violent drug gangs. The plane was detained by Mexican authorities as part of a probe that's been underway since last year.
Authorities say Stanford could face criminal charges of money laundering and bribery of foreign officials, which might explain why the feds have yet to press charges.
It's not the first time Stanford has been caught up with Mexican drug money. In 1999, the cricket aficionado was applauded publicly for handing over to US officials more than $3 million in drug money that had found its way to his Antigua-based bank.
The money was part of the cocaine fortune amassed on American soil by late Mexican drug baron Amado Carrillo Fuentes, who died in 1997, according to documents filed back then in federal court in Miami. The funds were brought to Stanford's bank by Mexican "businessmen" Juan Alberto Zepeda and Jorge Fernando Bastida through Stanford's Houston-based financial consultants.
The Stanford Group established a major presence in Miami - the doorway to Latin American money.
News reports say the office was always empty........but that an office in Boca Raton employed about 40 people.
THAT looks like Nancy Pelosi he is dancing with!
Unfortunately, his largest donations were to the NRCCC, so it doesn’t look like we can make a lot of hay here
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