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sludgehound

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sludgehound

Re: None

Monday, 12/13/2010 9:36:31 PM

Monday, December 13, 2010 9:36:31 PM

Post# of 3257
FT: US widens Stanford probe to brokers

Note FT is a paid publication but you get the gist of it.

8:44 pm ET
US securities regulators have broadened their investigation into the alleged $8bn Ponzi scheme run by Allen Stanford, the Texan billionaire, to include brokerage executives who invested their clients’ money in Stanford International Bank products.

The Securities and Exchange Commission has notified Danny Bogar, former president of Stanford International Bank’s brokerage operations, and several brokers in recent months that it intends to file civil fraud charges against them in connection with the probe, according to lawyers involved in the case and a regulatory filing. The SEC declined to comment.
http://link.ft.com/r/YIQXNN/8AUL9F/06NRN/RN44NE/EWUZEM/D5/h?a1=2010&a2=12&a3=13

Pennies not a zero sum game as much as some zero game.

There is nothing more difficult to carry out, nor more doubtful of success, nor more dangerous to handle,
than to institute a new order of things.
~ Niccolo Machiavelli










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