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Strategies & Market Trends : Mafia Stock Mobsta's Social Club (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (6056)	2/17/2009 7:08:58 PM
From: jmhollen	Read Replies (1) \| Respond to of 6687

Wouldn't it be interesting to see a 'Rendition' take place from either Texas or some tropical tax-haven/sand dune in the Caribbean..... *************************** UPDATE 1-Stanford, aides fail to appear for testimony - US** Tue Feb 17, 2009 6:25pm EST WASHINGTON, Feb 17 (Reuters) - Texas billionaire Allen Stanford and two of his aides failed to answer subpoenas to testify about what investigators are calling a "massive" fraud, and the government said late on Tuesday that it could not comment on Stanford's whereabouts. The Securities and Exchange Commission said in court documents on Tuesday that it had subpoenaed Stanford, his aide James Davis and O.Y. Goswick, a board member of Antiguan-based Stanford International Bank. "None of these witnesses appeared for testimony or produced a single document," the SEC said in the court filing. The SEC released a copy of the document after it charged Stanford, three of his companies, and two aides with fraudulently selling some $8 billion in high-yield certificates of deposit (CDs). Federal agents raided the headquarters of Stanford Financial Group in Houston, Texas, on Tuesday. The Justice Department declined to comment on where Stanford might be, and the SEC had no comment. The SEC said it had sought a court order for Stanford and his aides to surrender their passports and return any money they control outside the United States. "An order for repatriation of funds and records sent offshore and still under the control of the defendants is appropriate. There is evidence that funds and records have been transferred overseas," the SEC said. "In addition, based on the defendants' frequent foreign travel, the fact that Stanford maintains vast holdings (including residential real estate) in foreign locales, and Stanford's self-proclaimed dual residency, the commission seeks an order requiring the defendants to surrender their passports to the court." In a civil complaint filed in federal court in Dallas, Texas, the SEC accused Stanford, 58, and two aides at Stanford Financial Group of selling the CDs in a scheme that stretched from around the world. The SEC complaint named Stanford International Bank, based in Antigua with 30,000 clients in 131 countries and $8.5 billion in assets, as well as broker-dealer and investment adviser units based in Houston, with 30 U.S. offices. In all, the company claims to oversee $50 billion in assets. Stanford's assets have been frozen and a federal judge has appointed a receiver to take possession and control of the defendants' assets. (Reporting by Randall Mikkelsen, editing by Jackie Frank, Toni Reinhold) reuters.com .