MASSIVE FRAUD - US Marhsalls enter Stanford Financial Group's Houston Office

Discussion in 'Economy' started by DavidS, Feb 17, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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  2. rayboyusmc
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    rayboyusmc Senior Member

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  3. Chris
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    Chris Gold Member

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    Does this ever end???

    Financier charged with $9.2 billion investment fraud - Feb. 17, 2009

    NEW YORK (CNNMoney.com) -- The Securities and Exchange Commission said Tuesday that it has charged financier R. Allen Stanford and three of his companies with orchestrating a $9.2 billion investment and sales fraud.

    The SEC's complaint alleges that the fraud centered on a CD program in which Stanford International Bank promised "improbable and unsubstantiated high interest rates."

    SIB, based in Antigua, allegedly acted through a network of Stanford Group Company financial advisers to sell approximately $8 billion of "certificates of deposit" to investors.
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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  5. Charles_Main
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    Charles_Main AR15 Owner

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    String them up!! :)
     
  6. Chris
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    Chris Gold Member

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    When are we going to start putting these people in jail?
     
  7. Peejay
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    Peejay BANNED

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    Don't be absurd. Jail is for people who steal a $300 television set. If you can manage to steal a billion or so you get house arrest. The hard part is chosing which multi million dollar home to confine yourself to.
     
  8. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Why exactly should we expect this to end? People are dishonest. it's the world we live in. I would love to live in a world of perfect honesty. But people arent like that. Especially in our culture where dishonesty is always rewarded.

    Become an honest person yourself, and let the system take care of the dishonest.
     
  9. midcan5
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    midcan5 liberal / progressive

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    "People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction. For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs."
    Timothy 6:9-10

    The End of Wall Street's Boom - National Business News - Portfolio.com
     

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