(ABC News) Exclusive: Tearful Allen Stanford Expects Indictment in Two Weeks

[sabra]

Source: ABC News

In First Interview Accused Financier Denies Ponzi Scheme, Drug Cartel Connection


Flamboyant financier 'Sir' Allen Stanford expects to be indicted by a federal grand jury in the next two weeks, he told ABC News in an interview in which he cried, denied wrongdoing and threatened to punch his questioner in the mouth.

"I would die and go to hell if it's a Ponzi scheme," Stanford said in reaction to civil allegations from the Securities and Exchange Commission that he bilked thousands of customers in an $8 billion fraudulent scheme involving "self-styled certificates of deposits" with "improbable" rates of return.

"Baloney. Baloney," Stanford told ABC News. "It's not a Ponzi scheme. If it was a Ponzi scheme, why are they finding billions and billions of dollars all over the place?"

Read more: http://abcnews.go.com/Blotter/WallStreet/story?id=7270405&page=1

[librechik]

1. Brave Brave Sir Allan...

ack! go directly to jail and forget about that last $200!

[riderinthestorm]

2. You know what? I actually agree with Sir Allen. It wasn't a Ponzi scheme. More like $ laundering

for powerful interests connected with the government per some very, very astute DU threads lately. I don't have the time (or star) to search for them right now but there's been a couple of really fascinating threads linking people like Stanford, the French financier who suicided himself, Madoff, Abramoff, and others with some serious protection from the powers that be.

I'm beginning to believe none of this was a Ponzi scheme at all. False front "charities", shadowy connections to powerful "investment groups" like the Carlyle Group and more... people like Madoff and Sir Allen Stanford doing fraudulent business for decades with the SEC being purposefully told to stand down on investigating them.

[EFerrari]

7. Here's one good community effort on the topic:

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=5118451

[pattmarty]

3. I'm glad he didn't say "I would lie and go to hell". Fuck all these,,,,,,,,,,,,,,,,,,

..........pieces of shit, let them spend 10 yrs in a 8x10 cell with Pedro, or Leon, or Clyde and then the rotten motherfucker can cry. I say to all these Wall st ass holes, "fuck 'em all".

[tanyev]

4. Wow, he made it through the stages of denial, pain and anger all in one interview.

Almost healed! You go, Sir Allen.

[mitchum]

5. Keep a stiff upper lip, you fake Limey douchebag

[mikeytherat]

6. "So, is it still fun to be a billionaire?"

mikey_the_rat

[Scurrilous]

8. LOL

:thumbsup:

[swilton]

9. There must be something in the wind in Texas!

He has that same Bush cocky posture and smirk! :crazy:

[depakid]

10. There are probably 100 more easy that ought to be indicted here

[geomon666]

11. I've said it before and I'll say it again.

Let's reopen Alcatraz for these motherfuckers. Come on Obama, you want to rebuild America, let's start there!