This video from the USA says about itself:
Sean Hannity [of Rupert Murdoch’s Fox News TV] Pimps for Allen Stanford Ponzi Scheme; Hosing Listeners Bigtime?From Reuters:Sean Hannity Whores for Allen Stanford Ponzi Scheme bilking his braindead listeners out of millions in scam?
U.S. charges Stanford with massive Ponzi schemeSo, it seems to be Stanfraud at Stanford’s.Fri Feb 27, 2009 8:38pm EST
By Anna Driver
HOUSTON (Reuters) - U.S. securities regulators on Friday accused Texas billionaire Allen Stanford, his college roommate and three of their companies of carrying out a “massive Ponzi scheme” over at least a decade and misappropriating at least $1.6 billion of investors’ money.
Meanwhile, a Houston judge ruled on Friday that Laura Pendergest-Holt, the only person arrested in the $8 billion Allen Stanford fraud investigation, could walk free after she posted a $300,000 bond.
In an amended complaint filed in a federal court in Dallas, the Securities and Exchange Commission increased its civil charges against Stanford to include a Ponzi scheme where early investors are paid with the money of new clients.
Along with his former Baylor University roommate James Davis, the 58-year-old golf, cricket and polo promoter “misappropriated billions of dollars of investor funds and falsified” financial statements issued by Antigua-based Stanford International Bank, the SEC charged. …
It was the second high-profile alleged Ponzi scheme revealed by U.S. regulators, after charges that Wall Street veteran Bernard Madoff carried out a $50 billion fraud that allegedly involved a giant Ponzi scheme.
Also on this: Criminal Ponzi Scheme Shockingly Run by Christians.
See also here.
Ivar Kreuger and the Financial Scandal Of the Century: here.
US Christian Right financial scandal: here.
