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Author Topic: US tycoon charged over $8bn fraud  (Read 1502 times)

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Offline Chris

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US tycoon charged over $8bn fraud
« on: February 17, 2009, 12:38:34 PM »
US tycoon charged over $8bn fraud

Texan billionaire and cricket promoter Sir Allen Stanford has been charged over a $8bn (£5.6bn) investment fraud, US financial regulators say.

The Securities and Exchange Commission said the businessman, had orchestrated "a fraudulent, multi-billion dollar investment scheme".

The SEC said the fraud was "based on false promises and fabricated historical return data".

A US judge has also frozen the assets of Sir Allen and the other defendants as well as those of the Antigua-based Stanford International Bank (SIB), the Texas-based investment firm Stanford Group and investment advisor Stanford Capital Management.


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Offline Chris_

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Re: US tycoon charged over $8bn fraud
« Reply #1 on: February 17, 2009, 01:58:57 PM »
Rats.

I was hoping it was a certain moonbat Oklahoma billionaire tycoon.
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Offline Chris

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Re: US tycoon charged over $8bn fraud
« Reply #2 on: February 17, 2009, 03:50:44 PM »
Quote from: DefiantSix on February 17, 2009, 01:58:57 PM
Rats.

I was hoping it was a certain moonbat Oklahoma billionaire tycoon.

Whodat? :confused:
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Offline Chris_

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Re: US tycoon charged over $8bn fraud
« Reply #3 on: February 17, 2009, 03:54:50 PM »
Quote from: Chris on February 17, 2009, 03:50:44 PM
Whodat? :confused:

T. Boone PickPockets.  Born in Holdenville, OK.
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