The Stanford Files:FBI’s first probe was 20 years ago

[malaise]

http://www.independent.co.uk/news/world/americas/the-stanford-files-fbi8217s-first-probe-was-20-years-ago-1628938.html
<snip>
More than 20 years ago, the authorities repeatedly probed Allen Stanford’s alleged links to some of the world’s biggest and most powerful drug lords. Despite no fewer than five investigations into suspected drug money laundering by law enforcers ranging from Scotland Yard to the FBI, no charges were ever brought.

Stanford was already well known to the FBI. He was first investigated 20 years ago when he became a subject of a joint Scotland Yard-FBI investigation into so-called “brass-plate” banks on the Caribbean island of Montserrat. The investigation was set up after the tiny island, with a population of fewer than 13,000 people, had been targeted by criminals who set up more than 300 banks and rapidly found itself at the centre of a worldwide money laundering operation.

Among them was the Guardian International Bank, created by Allen Stanford. The bank was suspected of laundering drug money from the notorious Medellin and Cali drug cartels run by Pablo Escobar and the Orejuela brothers, according to former FBI agent Ross Gaffney, who headed the task force set up to investigate the suspicious explosion of offshore banks on the island.

“We suspected that Stanford’s bank was involved in money laundering, especially as we put people outside it to observe it,” Mr Gaffney said. Before the investigation could develop further, Stanford suddenly voluntarily surrendered his Montserrat banking licence and left the island.

[NashVegas]

1. They Must Have Been Using Him For Information

And / or money laundering services for CIA ops.

Someday, people may finally come to understand how and why rich, "upstanding" people control the ghettos of the world.

[malaise]

2. You may be right

on both counts.