The Conservative Cave

Current Events => Economics => Topic started by: Duke Nukum on February 18, 2009, 10:42:12 PM

Title: Accused Financier Under Federal Drug Investigation
Post by: Duke Nukum on February 18, 2009, 10:42:12 PM

The SEC's fraud charges may be the least of accused financial scammer R. Allen Stanford's worries. Federal authorities tell ABC News that the FBI and others have been investigating whether Stanford was involved in laundering drug money for Mexico's notorious Gulf Cartel.

Authorities tell ABC News that as part of the investigation, which has been ongoing since last year, Mexican authorities detained one of Stanford's private planes. According to officials, checks found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico's most violent gang. Authorities say Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.

More at link  (http://abcnews.go.com/Blotter/story?id=6907429&page=1) including a news clip that includes hugs from Nancy P. Thanks from Bill C. and an embarrassed Bill N., Democrat congressman from Florida claiming he is giving money received from Stanford to charity.  'Cause giving stolen money to charity makes it all right.

Title: Re: Accused Financier Under Federal Drug Investigation
Post by: thundley4 on February 19, 2009, 08:03:44 AM

That is not the same R. Allen Stanford that I knew.
(http://s.wsj.net/public/resources/images/P1-AO765A_SANFO_E_20090217204141.jpg)