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27 Feb 2009 15:42

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Biz: Reenactment of what happened to Stanford’s funds: *poof*

  • $8
    billion
    amount R. Allen Stanford’s company sold in certificates of deposit over the years.
  • $90 million amount federal investigators have found so far. He lost the rest while playing cricket. source

19 Feb 2009 21:13

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U.S.: R. Allen Stanford: He could run, couldn’t hide

  • Where they found him FBI agents found the Texas-residing Stanford hiding out in Virginia, evading authorities trying to serve him with civil suit papers. He vanished Tuesday and somehow made it to Fredricksburg, because every alleged Ponzi schemer with a mustache goes there. Clearly. It’s the place to be.
  • He’s kinda like Waldo When found, we imagine Stanford was wearing a striped red shirt, glasses and a wool cap, trying to hide from authorities with his billions of dollars and tarnished reputation. He hasn’t been charged with any crime, but neither was Waldo, and everyone was looking for him, too! source

17 Feb 2009 23:31

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Biz: Hey look kids, another alleged ponzi scheme!

  • $8
    billion
    the total alleged losses by Stanford International Bank, according to the Securities and Exchange Commission
  • $2.2 billion the personal net worth of Robert Allen Stanford, the 205th richest man in the world and the man behind the alleged scheme source