Houston-based Stanford Financial Group, which says it oversees more than $50 billion of assets, is being investigated by U.S. regulators, according to a person familiar with the matter.
The New York Times reported that U.S. securities regulators had accused three top Stanford executives, including Robert Allen Stanford, of fraud.
Timmy, Saturday:
You know, I think he’s entirely and completely fucked.
Entirely personal opinion of course, but something stinks very badly here.
Hmm. I don’t like to detract from what was a good call, but you’re three days earlier than the SEC and the New York Times. Preparing the press release probably took longer than that.
Kudos should go to the person who tried to get their CD out last month – but couldn’t. It would have been clever to spot this six months ago. It is not as if the story would have smelled any better last year.
But today? Last week? Surely everyone knew by then.
Stanford cannot be the last. There must be others out there…