To: Reilly Diefenbach who wrote (184476 ) 2/17/2009 7:17:26 PM From: Lizzie Tudor Respond to apparently they audited Stanford the way I think these funds should and can be audited- they simply asked to PROVE that there were 8 billion in assets and stanford couldn't do it. Thats all you have to do, just ask for proof of the hard assets in the fund and go check it out personally. The feds don't need to understand the investment techniques, just verify deposits. Had they done this with Madoff they would have caught him.blog.kir.com Also, no one I know has ever been able to corroborate Allen's claim of a lineal connection between Stanford Financial and the insurance sales activities of his grandfather, Lodis B. Stanford. Allen got his start doing real estate deals in Houston in the 1980's after having earlier failed as a health club operator. (Lizzie: what a friggin' SHYSTER!!! Has this guy ever sold Herbalife/) The bank (first in Montserrat and now in Antigua) was founded in the mid 80's. The broker/dealer was founded in the early 90's. caracasgringo.wordpress.com “I have only one question for Stanford’s owner,” Dalmady says. “Where is Stanford’s $8 billion portfolio? Where are the $8 billion hidden? Nowhere; they don’t exist.”How could a financial group with an $8 billion portfolio fail to come up with a measly $62 million, thus also losing the $9 million in the escrow account?
