Replies to post #254724 on ERHC Energy Inc (ERHE)

[Southern Man]

You obviously do not have first hand experience and are not correct. The "CD" were never marketed as a historical CD, they were not garanteed or insured, only the track record was provided. It was a high risk investment with a stellar track record only offered to wealthy investors who could qualify. Again, It WAS NOT a traditional CD or marketed as such.

[TOB]

I will say that I have business associates that knew traders who did legitimate trading within Stanford's network, which extended beyond just the offshore CDs.

They saw reason for caution and had no interest in investing with Stanford, despite the attractive terms. A big reason being the use of the offshore bank, despite the SEC supervision onshore. Which indeed proved to be a major risk of fraud.

Their caution was proved justified, and this was several years before the high interest rates became suspicious due to the changing market.