Tuesday, February 17, 2009
It's Official - Stanford Is Next Ponzi
Posted by
Tyler Durden
at
11:29 AM
The SEC has charged Robert Allen Stanford with "fraud of shocking magnitude that has spread its tentacles throughout the world." Mario Puzo's next book is already in the works. This makes the Cosa Nostra look like amateur hour.
Apparently the charge relates to $8 billion of CDs sold.
Some amazing facts presented in the SEC complaint below:
Apparently the charge relates to $8 billion of CDs sold.
Some amazing facts presented in the SEC complaint below:
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