Aside from grim speculation that he may or may not have been on a NetJets flight from Houston to Antigua, no one has a fucking clue where Stanford is- but that’s not for lack of trying.
U.S. marshals assisting the SEC have been unable to serve Stanford with court orders freezing assets and appointing a receiver to run his Stanford Financial Group companies since a raid on his Houston headquarters Tuesday, Garber said.
Garber said she was unaware of any warrants for Stanford’s arrest and said the SEC was still hoping for his voluntary cooperation on the civil fraud charges.
“Certainly he is still subject to the court orders. To that extent, we certainly want to ensure that he is served,” Garber said. She said two executive who were charged with Stanford, Laura Pendergest-Holt and Jim Davis, had been served.
Finally, someone seems to have read How To Properly Escape Capture Following Your Massive (or Relatively Massive) Financial Fraud: A Dealbreaker Guide. Of course, this “he’s gone” talk is coming from the SEC which would be unable to find its own ass with a full-length mirror and a multilingual diagram. Either that, or the speculation that Stanford has been enjoying the help of certain Federal agencies has some merit. We wondered before why Sir Allen should have such a large presence in Venezuela and Ecuador.
Hmmmm.
Stanford whereabouts unknown after charges: SEC [Reuters]
Fly, My Ponzi Monkeys, Fly!
FINRA needs to tag everyone who has a CRRD with GPS.
FINRA needs to tag everyone who has a CRD with GPS.
Use of the term multilingual: erotica or racism? Discuss.
Surprised no one dug this up, pretty obvious:
http://www.bloomberg.com/apps/news?pid=20601085&sid=auAqkrxMzKPc&refer=europe
which leads to this:
http://registry.faa.gov/aircraftinquiry/nameSQL.asp?nametxt=stanford+aviation&sort_option=5
@5- except for the fact that 1) Stanford has blocked people from tracking the carriers’ whereabouts on flight aware and 2) he didnt necessarily use a jet registered to stanford (one reason being that’d be a bit obvious?)
@5
Shame to see three Hawkers put down like that.
The SEC’s fraud charges may be the least of accused financial scammer R. Allen Stanford’s worries. Federal authorities tell ABC News that the FBI and others have been investigating whether Stanford was involved in laundering drug money for Mexico’s notorious Gulf Cartel.
Allen Stanford disappeared after being accused of a massive $8Billion scam.Watch the full story tonight on World News with Charles Gibson at 6:30 p.m. ET.
Authorities tell ABC News that as part of the investigation, which has been ongoing since last year, Mexican authorities detained one of Stanford’s private planes. According to officials, checks found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico’s most violent gang. Authorities say Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.
Authorities say the SEC action against Stanford Tuesday may have complicated the federal drug investigation.
The federal investigation, however, did not stop Stanford from using corporate money to become a big man at last year’s Democratic convention in Denver.
if he was really laundering mexican gang money, he’s not going to be found. either he is VERY well hidden and having a nice margarita somewhere or he’s buried in a shallow grave in the jungle. one way or the other, the gulf cartel is not going to let him go to trial in the US and open his yap about “how it all worked”.
so, I’m watching “american greed” about the pikers from mer/gs who profited from insider trading. now I’m thinking to myself, what’s worse: these chimps profiting from trades using their own money or madoff/stanford/nagel et al ripping off billions of other peoples’ money? seems to me that the sec is being penny wise and pound foolish. just sayin’…