Sir Allen Stanford
Since 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.
Apparently, Sir Allen was working on a “private island” development for all his favorite
victims pals. Thirty estates, exclusivity, undisclosed location. All we need now is to blow up Tim Geithner’s seaplane with a solar powered laser and for Nick Nack to show up and start tempting regulators into a funhouse gun battle on the Man With The Golden Gun’s private island. (Of course, that island was near Thailand, not the Caribbean, but still- you get the point).
Scheduled to open in 2011, it would have featured the largest private aviation complex in the world, Forbes said, with enough room to park 100 private jets as well as a jumbo marina with enough dock space for 30 massive yachts. The super-exclusive resort would require members to shell out a $50 million deposit, which would be refunded if they left the development. That was on top of the $15 million annual membership fee.
No word on the actual presence of a solar powered laser on the island, but we wouldn’t be the least bit surprised. Stanford was nothing if not environmentally conscious.
Allen Stanford’s Mystery Island [Dealbook]