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R. Allen Stanford Lived In Luxury

...Now He Can't Even Charge A Plane Ticket

May 2. 2009

R. Allen Stanford

Inauthentic in every way, R. Allen Stanford strove to be a British lord of the manor, yet his financial dealings and personal misconduct, has been so unseemly, which is frowned upon by the aristocracy. 

His girlfriends are distressed, as they have been forced out of properties bought with stolen, ponzi scheme money. Stanford couldn't even buy a plane ticket, as the government rightfully froze everything, including his credit cards. He needs to feel what his customers/victims are feeling, their money frozen with much of it gone.

Prior to the government swooping in on him, Stanford lived and worked in the lap of luxury all over the world. He spared no expense pampering himself, buying the most expensive toys money could conquer. He apparently bought people as well.

One of his most treasured items, is a signed letter from fellow Texan, buddy George W. Bush. Former president Bush had that special relationship with the founders of Enron as well, who are also his friends.

It's amazing how the minute Bush is out of office, after years of granting Stanford impunity, all of a sudden the Feds take him down and are charging his company like a bull, pardon the pun. 

Adding another terrible twist to this story is the fact Stanford refuses to deny working for the CIA. I mentioned this rumor on the site weeks ago and someone finally asked him on TV (see article excerpt below).

In response to a question where one asks you if you work for the CIA, responding, "I'm not going to talk about that" implies there is a "that" to talk about and something exists in the form of a relationship.

To my readers, if someone asked you if you work for the CIA, knowing you do not, wouldn't you just say no. Why dance around the question, especially one of that nature, if you have nothing to hide. 

Side Bar: Ironically the FBI and CIA, among others in government, read this website, according to site stats, so that question wasn't for you! 

Stanford was not building wealth, he was destroying it, via stealing investors' money in a ponzi scheme. People's hard earn cash, gone, evaporated, up in smoke, so this man could pretend he is something he is not and the government indulged this fantasy for years, when they should have locked him up.

His story, in terms of the grandiose manner he lived and allegedly worked, reminds me of Centrust banker, David Paul, who had gold sinks in his office bathrooms.

Today, the soaring office building he once owned and occupied in downtown Miami now belongs to others, as he was imprisoned on a series of financial crimes.

His trial was open to the public and being interested in law, I had the opportunity to catch a half an hour of it when I was a teenager. Here was this man, a millionaire, facing the fall of an empire, built on misdeeds. It can happen to anyone who takes that route and it is one worth avoiding.

Stanford's offices were similarly outfitted with the finest luxury items, plush furnishings and expensive materials, such as marble and mahogany, bought with money from investors he fleeced, many, out of their lifesavings. Much like David Paul, the government has now seized his empire as well.

Corporate America is sorely lacking in governance. The authorities in this realm of commerce, need to do more to ensure history does not keep repeating itself in this manner and at the taxpaying public's expense.

Stanford's inner sanctum had bar, bathroom exit

Friday April 24 2009 -  HOUSTON, April 24 (Reuters) - If Texas billionaire Allen Stanford ever wanted to make a low-profile departure from the inner sanctum within his lavish Houston headquarters, there was a private exit through his personal bathroom.

Lawyers for the court-appointed receiver overseeing Stanford's corporate empire gave Reuters a tour of the Houston headquarters of Stanford Financial Group, a mass of marble and mahogany that once boasted a 5-star dining room, movie theater, professional kitchen and wine bar....

A large atrium with white columns, massive mahogany double doors and a bronze of Stanford's corporate insignia embedded in an inlaid floor lead to his private office...

Mahogany covers the walls. There is a boardroom table, a sea of Oriental rugs, a large bar off to one side...

Among several framed certificates hung on a wall is one with the gold seal of Antigua and Barbuda pronouncing Stanford Knight Commander, which allowed him to use the title Sir Allen Stanford, and a letter on White House stationery dated Jan. 25, 2006, signed by then-President George W. Bush.

Then on to the bathroom -- a chamber of black granite and mahogany, with a gigantic mirror and granite countertop, flanked with shelves of fluffy white towels and toiletries, including a bottle of "Brilliant Brunette" shampoo...


Sir Allen Stanford is 'living on charity' says his fiancee

Last Updated: 7:36AM BST 24 Apr 2009 - Andrea Stoelker, 30, made her comments from her family's modest home in Fredericksburg, Virginia. They have taken to living there after the US's Securities and Exchange Commission (SEC) denied Sir Allen, 59, access to his assets or his properties.

Ms Stoelker told The Independent: "We're lucky to be living on the charity of my family at the moment, but it has been overwhelming.

"We are very blessed to have a lot of people around us who are supportive, and some great former employees who are standing by him, but it is difficult to get up some mornings."

These are the first public comments that Ms Stoelker, herself a former employee of Sir Allen, has made since he was charged with fraud in February and his estimated assets of $8 billion (5.5m) billion frozen...


Sir Allen Stanford licensed to kill?

...An exchange with CNBC's Scott Cohn was intriguing. Referring to outlandish rumours that Stanford might have worked for the CIA, Cohn put it to the billionaire that he rubbed shoulders with prominent people in many regions Latin America, Europe, Africa and the Caribbean.

Cohn: "Somebody in your position would be useful to the authorities in the US trying to find out what was going on in places like Venezuela. Can you tell me about any sort of role you played that way were you helpful to the authorities in the US?"

Stanford: "Are you talking about the CIA?"

Cohn: "Well, you tell me."

Stanford: "I'm not going to talk about that."

Cohn: "Why not?"

Stanford: "I'm just not going to talk about that."

Cohn: "Well, is my premise correct that someone in your position would be helpful to those who wanted to know what was going on?"

Stanford: "Er I really don't have anything to add to that that would be of any value."

Say what you like about the 59-year-old financier, he's an international man of mystery.




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