THE ALLEN STANFORD $7 BILLION FRAUD
Episode 212 | Historical Events
In this History episode we focus on the Allen Stanford fraud — a $7 billion Ponzi scheme operating through an offshore bank in Antigua that defrauded approximately 30,000 investors in more than 100 countries. The SEC examined Stanford's operation in four separate investigations beginning in 1997, concluding each time that the CDs were likely a Ponzi scheme. The enforcement staff disregarded the examiners' warnings for twelve years. Stanford kept selling. He styled himself "Sir Allen." He spent $12 million lengthening his yacht.
We examine the structural…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.