Allen Stanford Madoff-lite

[MartinBlank]

Allen Stanford---of Stanford Investments----stole 8 billion dollars.

He sold guaranteed CDs---the problem is---the cash he took in---he was already paying off previous investors--making it another Ponzi scheme.

Oh yeah, Stanford owns 21 properties in the US total value...192 million dollars, including a Hamptons property valued at 17 million, a Malibu house valued at 29 million, and a Maui property valued at another 18 million.

These guys are awesome.

[maddogmadden86]

right makes u wanna start your own doesnt it lol, i hope all these guys face jail for the rest of their life

[Sinister Cat]

Read that there is a run on his bank in Antigua.. largest employer in Antigua-Barbuda. Lot of sportsbooks there.. wonder if any will lose all their money (and all their player deposits with it).