Saturday, March 07, 2009

Tycoon's Gone Wild

The jerk above, Sir Allen Stanford, has been accused of running a $8 billion Ponzi scheme. His company the Stanford Financial Group is also being investigated for fraud. He must not be as smart as Bernard "I Got Paid Suckers" Madoff because Madoff ran a $50 billion Ponzi scheme.

A “tidbit” of info on Sir Stanford:

Stanford holds dual citizenship in Antigua & Barbuda and the United States. Stanford was also the first American to be knighted by the commonwealth territory of Antigua (or so he says!!).

This is when it gets better so keep reading.

In 2008, The Stanford Financial Group was building a business campus in The VIRGIN ISLANDS. The LEED (Leadership in Energy and Environmental Design Green Building Rating System) certified campus is 105,000 square feet on 37 acres of land. Also to be included at the complex is a 45,000-square-foot aviation hangar.

Also in 2008, he made $3,300 in political contributions to Democratic Representative Charles B. Rangel, who is in charge of The House Ways and Means Committee. The same House Ways and Means Committee that presides over legislation that works on tax policies for the Virgin Islands (wink-wink).

For full disclosure Charlie Rangel is my Fraternity Brother (holding my head in shame while typing).

Sir Allen Stanford is what is wrong with America at this exact moment. He represents the greed that got us into our current financial crisis. After hiding out in Virginia, he was served with papers from the Government for fraud. But just like America’s favorite crook Madoff, he has not been arrested or put in jail. Classism is slowly killing America folks!! The proof is played out every day on television. The people that were supposed to be smart were the same ones ripping us off. People placed their trust and finances in these people. And in return they were screwed.

1 comment:

MsPuddin said...

that's a good idea though.I'm so broke I'm tempted to start a fund in a fake name of someone who didn't really die and live off of it...then maybe I can move to the virgin islands...;p