You just knew something wasn’t right with Sir Allen Stanford. Too loud. Too bold. Too self-promoting. Totally out of the mold for the quiet, offshore banking empire he was supposed to be heading. How would it be that anyone so loud would fail to attract the notice of the Regulatori for so many years? Well, if the Regulatori had reason to ignore him, as one of their own. If, say, Stanford were an informant for the DEA, and other narcodollar sniffing parties.
His status as a confidential informant could have secured Stanford a degree of protection from financial regulators such as the US Securities and Exchange Commission (SEC) and may explain why a SEC investigation into his dealings in 2006 was quietly dropped following a request by another American government agency.
A source close to the DEA told Panorama: “We were convinced that Stanford’s bank attracted millions of narco-dollars but it was very difficult to get the evidence to nail him. The word is that Stanford has been a confidential informer for the DEA since at least 1999.”
Be as loud as you want Sir Allen.
Stanford ‘was informant for US anti-drug agents’ [The Independent]
Over under June 15th for when they find his body?
No wonder he tried to turn himself in when there wasn’t an arrest warrant issued.
ftw!
Drugs AAANND secret bastard children? All we need now is for a rent boy to speak up and then we should have enough for a Lifetime Weepy Bitches flick.
Fock the Diaz brothers! I bury those cock-a-roaches!
If Allen was an informant he would be dead by now. This is just spin from Dick DeGuerin to make Allen look like a helpful guy in an attempt to press the Court to release money for Allen’s criminal defense.
If DeGuerin doesn’t get the money released before the indictment comes down, he won’t represent Stanford.
Its all spin from Allen’s attorneys. Don’t believe a word of it.
why is there a picture of Leland Stanford’s retard/fake grandkid hugging a black guy EP? is it because the article has something to do with drugs? and, like, you know, black people deal drugs? is that it?
@6– ditto.
so the beeb means to tell us the DEA turned a blind eye to him selling CDs that were paying out 10% to unawaringly complicit Americans and further, the American cash was supposed to be invested in non-risky investments but in fact the proceeds are just plain missing because of a lavish lifestyle, or wasted on funding some dodgy cricket competition??!?! and this $3mm payoff to the DEA? i didn’t know you can pay off the DEA to make other regulators go away! that’s too many f-ups to be believed.
i think in the end, either his outcome will be of oliver north’s(and at that point i’ll issue a public apology to his lordship) or that of jimmy hoffa’s, to which i then defer to @1….
@7
that’s you in the pic, isn’ it?
I’m on the border of Bolivia, working for pennies
Treated like a slave, the coca fields have to be ready
The spirit of my people is starving, broken and sweaty
Dreaming about revolution (REVOLUTION!) looking at my machete
But the workload is too heavy to rise up in arms
And if I ran away, I know they’d probably murder my moms
So I pray to Jesus Cristo when I go to the mission
Process the cocaine paste and play my position
someone is getting punched in the mouth
@7
hmm… wasn’t the normal Stanford pic him with the milfs sitting in his lap?
I don’t quite understand the quote in the article from the anonymous DEA agent stating that they were having a hard time getting hard evidence of connecting Stanford with narco dollars. What lead the DEA in the frist place to seek out Stanford to become an informant if they did not already have evidence of his connection with illegal drug money?
So this implies that the SEC and other government agencies turned a blind-eye towards Stanford’s ponzi scheme and let tons of people lose their savings by depositing it in Stanford’s bank because the DEA wanted his help tracking drug money?
Man, I love the war on drugs…
Allen Stanford being a government informant is as believable as his claims that he was related to Leland Stanford or that he was knighted by the Earl of Wessex.
One has to believe Allen Stanford is a pathological liar.
@7 That ‘black guy’ is Viv Richards.
http://en.wikipedia.org/wiki/Viv_Richards
I am with 7′s sentiments.
Why did you put a black guy with Stanford?!?! Why couldn’t you place a jew? Or a Caucasian?
After all; jews and caucasians run the slave, sex, drug, etc cartels.
Racists bastards.
-TGFH
Revolution is coming.
Please. You seem unaware that Sir Vivian Alexander Richards, KNH, is a Knight of the National Hero of Antigua and Barbuda, and thus out ranks Sir Allen Stanford, a mere KCN or Knight Commander of the Nation. Sir Allen is merely trying to social climb in the Antiguan Nobility in this touching photo, which you misinterpret in this knavelike and dastardly manner.
@18: STFU
~Elizabeth Rex
I should have thought that the photo including a West Indian cricketer of high title would have written its own tale. I suppose you have to be ignorant of the players (or just out for my blood) to have missed the social climbing reference.
@13,
It’s plausible
it could have started with a suspicion, without hard evidence. The money trail may have gone cold at Stanford.
And if they approached him with questions and he cooperated easily, they wouldn’t be looking very hard after that.
The FBI let Whitey Bulger (The Departed was loosely based on him) murder off all of his competition while he operated as an informant.
It’s not a stretch to believe another 3 letter agency would turn a blind eye to monetary crimes.
It also doesn’t pass as a stunt on Stanford’s part. Why would you falsely out yourself as informant? Even if it was telegraphed to narcotraffickers, they are still a very paranoid lot.
21-
Allen Stanford has a long history of holding himself out as other than what he truthfully was. He claimed to be related to Leland Stanford, Sr., he claimed to be an heir to a financial dynasty dating back over 75 years, he claimed to control a $50 billion empire, when his companies had, at best, $15 billion under management, he claimed to have been knighted by Prince Edward, etc, etc, etc.
Why Allen found it so important to claim to be so many things he wasn’t is a matter for prison psychologists to try to deal with. The he would have created an identity as a “super secret government agent” or some such nonsense is not out of the realm of possibility.
@17, @7
you clowns with your faux, kneejerk sensibilities are ridiculous.
I think this is highly suspicious. It sounds like one of those CSI Miamis where Horatio and Calleigh can’t arrest the perp just at the last minute when the Feds turn up and say “FBI” or “Treasury” or something “We outrank Miami Dade.”
It’s so TV instead of reality that it sounds like a CYA technique by one of the many grandees of the US who have been accused of having too much to do with Sir Stanford–like the Bidens. And John Cornyn. And a whole Republocrat-Demlican rainbow of political manipulators besides. “Uh…the uh…DEA tolme da guy was ok…uh” Sure.
@7
yes thats it.
I don’t want it near schools — I don’t want it sold to children! That’s an infamia. In my city,
we would keep the traffic in the dark people — the colored. They’re animals anyway, so let
them lose their souls…
What more proof do you need.
#26
Whut?