allen-stanford-at-a-bail-002.jpgSince the SEC called Ponzi scheme on Allen Stanford’s ass, things have no been going so well for the Houston-based “billionaire.” He was “deprived” of being listed as the 405th wealthiest person in the world by Forbes, which caused many tearful nights. He was forced to fly commercial for the first time, in almost two decades, which was harrowing. He got the shit kicked out of him in a prisonyard brawl, which was humiliating. And he coughed up blood in the middle of a courtroom, in a failed attempt to get an upgrade in his accomodations behind bars. Through it all though, there was one thing he could cling to, one thing that kept him warm at night. One thing that staved off the demons. And that was the knowledge that despite being an accused criminal who wasn’t recognized by Forbes for his (likely) illegal-obtained riches, he was in good company with guys like Elton John. Now, he doesn’t even have that.

It’s no longer “Sir” Allen Stanford. The panel that approves candidates for knighthood in the Caribbean nation of Antigua and Barbuda has voted to rescind the honor granted to Texas financier R. Allen Stanford in 2006.

The chairwoman of the National Honors Committee says the panel voted unanimously to revoke Stanford’s title. Jacqui Quinn-Leandro said today the panel took the action because of the embarrassment Stanford caused the country with the alleged Ponzi scheme he ran from his Antigua-based offshore bank.

Comments (20)

  1. Posted by guest | November 2, 2009 at 1:59 PM

    I feel for the guy. what a shame.
    - Walter Noel
    Mare Farm, CT

  2. Posted by guest | November 2, 2009 at 2:05 PM

    Bess, I think the Billionaire should be in air-quotes i.e.
    Texas ” Billionaire ” Allen Stanford, pictured above, in the orange jump suit … blah, blah
    While I’m at it: I’m pretty sure that all the members of the ” Honors Committee ” are white. This is the Caribbean after all. Just Sayin’

  3. Posted by guest | November 2, 2009 at 2:05 PM

    I’ll always be here for you, Tiny Dancer.
    -EJ

  4. Posted by guest | November 2, 2009 at 2:08 PM

    Bess, you make me hornier than Allen Stamford at a cricket match.
    Porter Staindberry

  5. Posted by guest | November 2, 2009 at 2:12 PM

    is he going to cry about it? again?

  6. Posted by guest | November 2, 2009 at 2:17 PM

    someone’s going to get punch in the mouth for this.

  7. Posted by guest | November 2, 2009 at 2:19 PM

    You see, Stanford was a simple country boy. You might say a cockeyed optimist,
    who got himself mixed up in the high stakes game of world diplomacy and international intrigue.

  8. Posted by wcburrs87 | November 2, 2009 at 2:22 PM

    @2 – wrong on both accounts.

  9. Posted by guest | November 2, 2009 at 2:27 PM

    @8 YOU LIE!!!

  10. Posted by guest | November 2, 2009 at 2:43 PM

    And that butthead cheated on his wife with an Argentinian gal while hiking the Appaloosa Trail, too!
    ~Karl Lugummer
    Lt., Idaho Minute Guys
    On top of My Suburban Looking for Mexicans
    Jock Itch, TX

  11. Posted by guest | November 2, 2009 at 2:43 PM

    Allen Stanford is a shitheel.

  12. Posted by guest | November 2, 2009 at 2:50 PM

    *Sniff* He’ll always be a “Sir” in my book.
    Shareef Musqara
    Antigua Russian Bath
    Towel Administrator

  13. Posted by guest | November 2, 2009 at 2:51 PM

    Please settle an argument for us. If BP are writing “shitheel” in a report on US domestic oil trading controversies, should a reader pronounce “shitheel” as “shi-THEEL” or “shit-heel”?
    ~UK Stylebook Editor

  14. Posted by guest | November 2, 2009 at 2:54 PM

    R. Allen looks like he is wearing a Tennessee Vol tuxedo.

  15. Posted by pfluger | November 2, 2009 at 2:54 PM

    Why hasn’t anyone said that he looks so regal in that picture?

  16. Posted by guest | November 2, 2009 at 2:55 PM

    he looks so constipated in that picture.

  17. Posted by guest | November 2, 2009 at 2:57 PM

    Bess,
    Can I crash on your couch tonight? My mom kicked me out of the house.
    Greg

  18. Posted by Investorcluzo | November 2, 2009 at 2:57 PM

    whoa, you mean he wasn’t knighted by the “real” brits? just the fake ones down in barbuda? this guy is a fake! someone call the queen.
    bessy – I believe the term is “alleged” not “likely”…

  19. Posted by Walm | November 3, 2009 at 4:35 AM

    He was never up there with Sir Elton. There is a big difference between The Queen knighting you and some banana republic/tax shelter/ponzi haven dishing out the honours.
    Plus, his singing is rubbish.

  20. Posted by jakedog | November 3, 2009 at 8:55 AM

    After hearing that Stanford’s cellmate was 6′ 11″ and weighed 385 pounds, the panel changed Sir Allen’s status to Princess or Little Queenie.

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