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Found! Accused Scammer Stanford Turns in Passport in Washington
http://www.abcnews.go.com/Blotter/story?id=6914758&page=1 ^

Posted on 02/19/2009 3:06:43 PM PST by kcvl

SEC Moving to Seize Billionaire's Planes, Yachts, Bank Accounts, Homes...

The billionaire banker accused of scamming $8 billion, R. Allen Stanford, was located by FBI officials today and served with civil papers by the SEC, putting an end to a nationwide search.

Stanford later turned in his passport to federal prosecutors, saying "he would not flee," according to one of Stanford's lobbyists, Ben Barnes.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: News/Current Events
KEYWORDS: allenstanford; billionaires; corruptdems
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1 posted on 02/19/2009 3:06:43 PM PST by kcvl
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To: kcvl

...he gave up, he couldn’t find clinton to help him out


2 posted on 02/19/2009 3:08:54 PM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: kcvl

Just the fact that he was once a banker in Montserrat is all you ever needed to know.


3 posted on 02/19/2009 3:09:30 PM PST by norraad ("What light!">Blues Brothers)
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To: kcvl
Stanford later turned in his passport to federal prosecutors, saying "he would not flee," according to one of Stanford's lobbyists, Ben Barnes.

TRANSLATION: " Why the hell should I run? I've funneled millions to Zero!" "I've hidden every liquid asset I could - a slap on the hand, a quiet pardon, and I'm up outta here!"

4 posted on 02/19/2009 3:09:44 PM PST by Gaffer
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To: Gaffer

In the meantime, the SEC has begun to seize an array of private property owned by Stanford and his firm.

Stanford’s fleet of six private jets were recalled to the corporate hangar at Sugarland Airport outside Houston, including the Bombardier 500 luxury jet that was used exclusively by Stanford and considered the “Flagship of the Stanford Empire,” according to aviation websites.

Stanford’s 120 foot yacht, the Sea Eagle Bikini, docked at a marina in St. Croix is also likely to be seized, and SEC attorneys contacted marina owners in St. Croix to determine the precise location of the yacht.

Stanford also owns a huge mansion in St. Croix, located in the main city of Christiansted.

Stanford has hired Brendan Sullivan of the Washington firm Williams Connolly (the capital’s top criminal defense lawyers).


5 posted on 02/19/2009 3:12:11 PM PST by kcvl
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To: kcvl

Looks like Sanford decided he was better off dealing with our authorities than the Mexican Drug Cartels he was working with.


6 posted on 02/19/2009 3:14:07 PM PST by AuntB (The right to vote in America: Blacks 1870; Women 1920; Native Americans 1925; Foreigners 2008)
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To: kcvl
Clearly the only people who can continue to make money on these people are the - lawyers!. What a fortunate profession. . .it IS recession-proof.
7 posted on 02/19/2009 3:14:58 PM PST by cricket (January 20, 2009 - <I>the day the music died</I>)
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To: kcvl
the SEC has begun to seize an array of private property owned by Stanford and his firm.

Here's a picture of the premises.

8 posted on 02/19/2009 3:15:41 PM PST by dfwgator (1996 2006 2008 - Good Things Come in Threes)
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To: AuntB

Good point!


9 posted on 02/19/2009 3:15:49 PM PST by cricket (January 20, 2009 - <I>the day the music died</I>)
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To: dfwgator

Oh well, close enough.


10 posted on 02/19/2009 3:16:10 PM PST by dfwgator (1996 2006 2008 - Good Things Come in Threes)
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To: kcvl

caught the creep


11 posted on 02/19/2009 3:17:04 PM PST by GeronL (Hey, won't you be my Face Book friend??)
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To: kcvl

Yeah! they got some stuff, but it’s not exactly what I’ll call liquid.....betcha dollar to a donut, there’s a billion or two worth missing somewheres.....


12 posted on 02/19/2009 3:18:33 PM PST by Gaffer
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To: Doogle
But he is a big Donor to Obama so maybe a Marc Rich solution is possible.

BTW, he gives up his Passport. Big deal, he could easily have alternate identity papers that are perfect plus the ability to go wherever he wants, passport or not. Giving up his Passport is just so much symbolism.

13 posted on 02/19/2009 3:18:50 PM PST by TCats
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To: GeronL

maybe its all an accounting error


14 posted on 02/19/2009 3:19:57 PM PST by woofie
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To: kcvl

We MUST demand to get those BILLIONS back!! WATERBOARD the bastard until he coughs up those billions!! Apparently the meidaWHORES are giving their buddy the glove treatment, BUT God forbid if this was Enron!!


15 posted on 02/19/2009 3:20:11 PM PST by RoseofTexas
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To: woofie

he accidently lost it all on TurboTax?


16 posted on 02/19/2009 3:22:08 PM PST by GeronL (Hey, won't you be my Face Book friend??)
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To: kcvl
ooops! FORGET Enron, THINK Cheney!! OH MY GOD! Can you imagine the circus atmosphere the mediaWHORES would create!
17 posted on 02/19/2009 3:23:48 PM PST by RoseofTexas
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To: kcvl

He can move in with Bernie. . . . . They both Made Off wiff other peoples dough


18 posted on 02/19/2009 3:23:51 PM PST by DeaconRed (B.O. Stinks: Don't Blame Me--------I Voted for the Wrinkly Old White RINO- - - - - - - - - - -)
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To: kcvl
according to one of Stanford's lobbyists, Ben Barnes.

This Ben Barnes?

19 posted on 02/19/2009 3:27:31 PM PST by OBXWanderer
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To: kcvl

....arrested on route to D.C. to become a cabinet member.


20 posted on 02/19/2009 3:31:06 PM PST by Guns
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