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Narco-Banker: The Allen Stanford Story
With his recent conviction on 13 counts of money laundering—ensuring that a man who once lived in a $57 million mansion with a moat will be doing his entertaining behind bars for a very long time—the Allen Stanford scandal would seem to be all but over. But Allen Stanford’s Ponzi scandal is ending before…
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Allen Stanford & ‘The Caribbean Two-Step’
Call it the “Caribbean two-step.” The dance the U.S. Government has just pirouetted through with convicted mega-swindler Allen Stanford, repeats a familiar pattern its been using for at least 30 years. But rarely has it looked more like a lumberjack in The Nutcracker. According to final reports of investigations by the two hand-wringing U.S. Agencies…
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Allen Stanford, American Drug Lord
Missing from coverage of the conviction two weeks ago of Texas "financier" Allen Stanford for running a $7 billion Ponzi scheme was any mention of Stanford’s long-time role as an authentic—if no longer certified—American Drug Lord. "Sir" Allen (the title was bought) is an excellent example of a curiously under-publicized species: the American Drug Lord. (The…
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America’s NarcoBank: Wachovia Bank was BCCI with a drawl
Convicted Sarasota Ponzi fraudster Art Nadel, currently holed up in a Federal prison in North Carolina, is back in the news, after a Federal bankruptcy receiver filed a lawsuit accusing Wachovia Bank of criminal complicity in Nadel’s theft of $168 million. This is a story about financial fraud, drug money, and a global crime network…