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Mon Dec 28, 2020, 04:11 PM

Is Killa Kon about to pardon Allen Stanford?

https://www.msn.com/en-us/money/companies/swiss-hand-over-remaining-150-million-to-u-s-from-massive-ponzi-scheme/ar-BB1ci2vX?ocid=msedgntp

ZURICH (Reuters) - Switzerland will return $150 million from blocked Swiss bank accounts by the end of the year to the United States to be given to victims of convicted Ponzi scheme con artist Robert Allen Stanford, the Federal Ministry of Justice said on Monday.

Allen Stanford wearing glasses and looking at the camera: FILE PHOTO: Allen Stanford smiles as he waits to enter the Federal Courthouse where the jury is deliberating in his criminal trial in Houston© Reuters/Richard

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Stanford, a former Texas financier known primarily by his middle name, was convicted of fraud by a Houston jury in 2012 in what prosecutors called a $7.2 billion fraud that lasted two decades and which was eclipsed in size only by the Ponzi scheme run by Bernie Madoff.


About $50 million had previously been returned, the justice ministry said.

In October, the Swiss criminal court had rejected appeals against the seizure of the assets, paving the way for the remaining $150 million to be returned by the end of December, the ministry said.

Stanford, now serving a 110-year prison term, had stashed millions from his Antigua-based Stanford International Bank at the Swiss arm of French bank Societe Generale, which he tapped regularly to fund a fleet of private jets and a 100-foot yacht, according to U.S. District Court filings from 2012.
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This SOB lived in Antigua lived in Antigua and was involved in cricket in the Caribbean and England. He used to invite NFL players to cricket games (including the Manning guys).

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Response to malaise (Original post)

Mon Dec 28, 2020, 04:13 PM

1. I would think any grifter is up for consideration as a matter of professional courtesy.

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Response to Thomas Hurt (Reply #1)

Mon Dec 28, 2020, 04:43 PM

3. Stanford was so good at grifting that he almost fooled the

MCC (Maylebone Cricket Club)

https://www.espncricinfo.com/story/stanford-hits-impasse-with-mcc-351104

The US$100 million deal between the ECB and Allen Stanford is in doubt after the MCC warned that it would not sanction Twenty20 matches featuring Stanford's trademark black bats. Talks will continue today between the parties in an effort to rescue the plan for a series of Twenty20 games at Lord's between an England XI, a West Indian All Star XI and two other international teams.

Stanford wanted the matches to feature the black bats that have been used in the existing Stanford 20/20 tournament in the Caribbean. But MCC has revised the rules regarding the composition of bats, declaring that a bat must be wooden in colour, a regulation mainly aimed at ensuring modern materials to assist the batsman cannot be used in addition to willow.

As well as the Lord's games, Stanford's proposal was to include matches between England and a West Indian All Star XI at his own ground in Antigua. One possible solution to the impasse could be to make the competition unofficial, and relax the bat rules in the Antigua games in return for using the more traditional equipment in the Lord's outings.

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Response to malaise (Original post)

Mon Dec 28, 2020, 04:37 PM

2. If Stanford has access to sufficient funds...

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Response to dlk (Reply #2)

Mon Dec 28, 2020, 04:47 PM

4. Stanford created a complete breakdown of the Antiguan economy

What saved them was their common currency with the OECS countries

https://www.bbc.com/news/business-17298267

The trial of Allen Stanford has finally ended, with the Texan financier found guilty of a massive $7bn (£4.5bn) Ponzi scheme by a court in Houston.

The fraud was run from his offshore bank in Antigua and investors' money was used to pay for his lavish billionaire's lifestyle. Customers who lost money from across the globe are suing the Caribbean nation but many there think that they too were victims.

From the moment you arrive in Antigua, Stanford's presence still looms large.

He redeveloped the land around the main airport, so directly opposite arrivals is the Stanford Cricket Ground, and across the road stand the buildings of Stanford International Bank and his former newspaper the Antigua Sun.

It was an image that wooed many of his high-value clients to invest in his companies.

Lots more at link

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Response to malaise (Reply #4)

Mon Dec 28, 2020, 04:52 PM

5. What I meant was if Stanford could access enough cash, he could purchase a pardon

Trump would be happy to relieve Stanford of a large amount of cash, despite how horrendous the crime.

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Response to dlk (Reply #5)

Mon Dec 28, 2020, 05:12 PM

7. Maybe he hid some away somewhere other than the Swiss banks?

Who knows?

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Response to malaise (Original post)

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