Posted on 02/19/2009 1:16:39 PM PST by UCFRoadWarrior
Authorities were trying to track down Texas billionaire financier Allen Stanford on Thursday, as fraud charges against the cricket impresario prompted panicked investors to withdraw cash from his banks.....
Two days after the US Securities and Exchange Commission (SEC) accused Stanford, 58, of perpetrating "a fraud of shocking magnitude," officials were still in the dark about his whereabouts - as were close members of his family....
(Excerpt) Read more at thewest.com.au ...
...The network also reported that Stanford spent $US8 million ($A12.52 million) dollars in Washington wooing lobbyists and legislators, and that red-faced lawmakers, including former presidential candidate Senator John McCain, were scrambling to return or donate thousands of dollars Stanford gave to their campaigns....
....ABC News, citing unnamed federal officials, said Mexican police detained one of Stanford's private planes and found cheques inside believed to be linked to the ultra-violent cartel.....
.....Authorities in the Caribbean island of Antigua, the centre of Stanford's financial empire, and in parts of South America meanwhile sought to quell fears among depositors as big queues formed outside branches of his bank....
....Venezuela on Thursday took control of a local bank owned by Stanford, stressing that the decision was not related to its own "stable" financial situation, and faulting oversight by regulators in the United States....
....And Peru's securities regulator suspended operations for 30 days at the local office of Stanford Financial Group.....
Okay, did any Republicans?
Where in the world is Allen Stanford?....Ten Guesses.
Note that I have some paragraphs out of order. I wanted to highlight the most pertinent parts of the story that would affect the US...the article is from an Australian paper...but the story is recent (just over 1 hour ago)
The McCain link, and the Mexi-Narco link....this Stanford story is getting bigger and bigger...
LOL...good one....actually there are probably no conservatives.
Should be noted that most of Stanford’s contributions were to Democrats....and OK I guess RINOs too
My guesses:
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
Mexico
and...
Mexico
The Texas financier accused by the Securities and Exchange Commission Tuesday of “massive ongoing fraud” was a generous political donor who gave more heavily to Democrats.
Since 2000, R. Allen Stanford, the chief of the Stanford Financial Group in Houston, his wife and company gave $2.2 million in political contributions – $1.7 million to Democratic candidates and committees – according to Federal Election Commission records.
The most recent donation on record was $300,000 from Stanford Financial Group to the Democratic Governors Association, a so-called 527 group not subject to campaign contribution limits.
Other big beneficiaries included the Democrats’ congressional campaign committees, which received $1.2 million over the years, and their Republican counterparts, which got $322,000, including a $28,500 personal donation last year to the National Republican Congressional Committee.
Stanford and his companies gave $128,500 to the Republican National Committee, plus $2,000 to Sen. Richard Shelby (R-Ala.), $4,000 to Sen. Charles Schumer (D-N.Y.), $4,000 to Rep. Charles Gonzalez (D-Texas), $4,000 to Sen. John Cornyn (R-Texas) and $4,800 to the committees of Rep. Charles B. Rangel (D-N.Y.), among other contributions.
Some remote island next to Cuba.
Aren’t you all watching the news? They just found him in Virginia.
John McCain? Isn't he the Senator who in the name of getting money out of politics, took away our right to free political speech?
Yes, that's the same guy.
“....ABC News, citing unnamed federal officials, said Mexican police detained one of Stanford’s private planes and found cheques inside believed to be linked to the ultra-violent cartel.....”
Another article today pointed out that Sanford is a ‘dual citizen’. An impossibility, I say. You’re either American or you’re not.
Really? Details please.
John McCain to donate Stanford-tainted donations; no word from other recipients
http://www.freerepublic.com/focus/f-bloggers/2188435/posts
That was from yesterday. BTW, I don’t like McCain...I voted for Sarah.
Watching it now. FBI did not arrest him. Only served him papers.
WTH??
This is all that is showing up so far on google:
http://www.hedgefund.net/publicnews/default.aspx?story=9780
He was found in Virginia.
Nope. I’m still at work.
Yes just reported on Fox...he was located in VA
Yep that same Campaign Reform guy....I guess those alleged to be laundering money for the Mexi-Narcos are exempted....
So far it's just a civil suit. They can't prove he has done anything wrong yet, just that his funds paid improbably high returns. I am guessing he is guilty since his offshore bank have been obstructing any attempts to audit them for years.
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