Tag: scandal

  • The San Diego DEA’s Dirty Secret

    If the San Diego DEA is looking for suspects with more than a little bit of coke dust sticking to their lapels or a few marijuana seeds in a car ashtray, we’d like to help. Nine college students got together on a Friday night recently in an off-campus apartment in San Diego to commemorate a…

  • Art Nadel and the Wall Street Wise Guys

    The death in prison of Art Nadel last week left numerous questions about the scandal that may never be answered. Authorities will now be rolling up the sidewalks on the Art Nadel scandal, continuing the trend of American scandals going unexplained and largely unexplored stretching back to Iran Contra. Art Nadel was a disbarred NY…

  • 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…

  • 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…

  • 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…

  • 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…