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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…