Looks like Sir Allen was laundering money for drug cartels.

[Joanne98]

Isn't it interesting that both Madoff and Stanford had relationships with organized crime?

Stanford probe widens, Venezuela seizes bank

CARACAS/ST.JOHN'S (Reuters) - U.S., Latin American and European investigators widened probes on Thursday into the far-flung financial empire of Texas billionaire Allen Stanford, accused of "massive fraud," and Venezuela seized one of his banks.

Britain's Serious Fraud Office (SFO) said it was monitoring a possible UK link to the case after media reports that Stanford's books were audited in Britain.

Stanford's whereabouts remain unknown. U.S. federal agents raided Stanford Group offices in Miami, Houston and other U.S. cities earlier this week.

On Wednesday, ABC News, citing U.S. federal authorities, reported the Federal Bureau of Investigation and others had been investigating whether Stanford was involved in laundering drug money for the Mexico Gulf cartel.

http://www.reuters.com/article/topNews/idUSTRE51H5IO20090219

[LeftHandPath]

1. There is never just ONE cockroach.

This guy was very connected politically. I think we're going to see more damage from this fraud than most expect.

[blm]

2. They both smell similar to Marc Rich, too . BushInc's operatives over the decades almost

always end up with ties to drugrunning, moneylaundering, and armsdealing on a global scale.

[Joanne98]

3. Marc Rich. Yes.

[blm]

5. another government agency told SEC to back off Stanford in 2006. Bush's 'special' CIA operatives?

Most likely.

[formercia]

4. The Auditor is dead, long live the Auditor.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5091439&mesg_id=5091439