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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: patron_anejo_por_favor who wrote (184611)2/18/2009 10:28:39 AM
From: Reilly DiefenbachRead Replies (2) of 306849
 
Manhunt: Accused Financier Scammer Stanford Missing

Authorities say Investor Losses Could Rival Madoff Scandal
By BRIAN ROSS, JOSEPH RHEE, and JUSTIN ROOD
February 18, 2009

<<Stanford's business is headquartered on the Caribbean island of Antigua. In the last decade, Stanford and his companies have spent more than $7 million on lobbyists and campaign contributions in efforts to loosen regulation of offshore banks.

Among the top recipients: Senator Bill Nelson (D-Fla.), Congressman Pete Sessions (R-Texas), Sen. John McCain (R-Ariz.), Senator Chris Dodd (D-Conn.) and Senator John Cornyn (R-Texas), one of the members who took a trip to Antigua where he was entertained by Stanford.

Sen Cornyn's office has said the trip "was strictly a fact-finding trip," and at the time, "there was nothing untoward or unseemly" about Stanford Financial.>>

abcnews.go.com
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