More information about the Stanford International Bank fraud case, including, but not limited to: a bank panic in Venezuela, hugs from Nancy Pelosi, allegations of money laundering for drug cartels, and predictable vows to “fight with every breath to continue to uphold our good name and continue the legacy we have built together.” Still no word on where the $8 billion went. [Forbes]
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Most of the $8 billion went to the investors, to make it look like the investment was actually paying the promised dividends.
I wonder if he’s in good enough shape to swim to Antigua.
Pelosi is involved. That isn’t a shock since she is from a corrupt Maryland political family.
@Plates: Shhhhhh! You can’t bad-mouth Dems on Consumerist.
I’m currently in my office, about a quarter mile from the Stanford building. On my lunch I’ll go give them the middle finger and a raspberry on behalf of everyone else.
@speedwell, avatar of snark: Careful they might keep that finger.