New Charges in Stanford Case

[maddezmom]

Source: NYT

New Charges in Stanford Case
September 11, 2009, 5:39 am
A security director for the Stanford Financial Group and his deputy have been charged with destroying documents in the investigation into what prosecutors say was a $7 billion fraud, court documents unsealed on Thursday showed.

Thomas Raffanello, a former security director at the group’s office at Fort Lauderdale, Fla., was charged with three counts. His deputy, Bruce Perraud, who was indicted previously, faces an additional two counts, according to Reuters.

The indictment said the receiver handling the Stanford matter had sent e-mail messages to all Stanford employees on Feb. 17 telling them to preserve all records.

But around Feb. 23, Mr. Raffanello ordered another Stanford employee to contact a shredding company, according to the indictment unsealed by the United States District Court for the Southern District of Florida.

Mr. Perraud arranged for a shredding company to come to the office and supervised the shredding of a 95-gallon bin full of documents, the indictment said.



Read more: http://dealbook.blogs.nytimes.com/2009/09/11/new-charges-in-stanford-case/

[KoKo]

1. Well...Stanford was allowed to roam around for quite awhile...so it's not surprising.

Remember the time lapse between when the FBI was supposedly after him and when he turned himself in?

And the suspicions he was working for the CIA in drug running? I imagine some of the documents in that bin might have been the proof of the smoking gun. The whole thing is bizarre that this guy could buy off a little island for his own personal use and fund a British Cricket Team plus his other activities with his plane fleet and that airport in his own personal little island in the Sun.

[seafan]

2. Your comments reminded me of this little 2008 story in Miami that fell down the memory hole:

FBI uncovers drug money-for-aircraft laundering scheme, February 4, 2008



There are so many different threads pulled loose from this intricate web of corruption.... one day soon, we'll pull on the mother of all threads.



And there's this:


Pirates of the Caribbean: Stanford, drugs and the CIA (updated), February 22, 2009 (Stanford's extensive Latin American connections are detailed in this piece at Cannonfire.)


Whaddya know: Stanford also owned 2 small Caribbean airlines: "Paging Daniel Hopsicker", indeed., February 24, 2009



And in today's NY Times:

New Charges in Stanford Case (Document destruction), September 11, 2009

[KoKo]

3. Thanks for the reminder links, Seafan. Notice we don't see

track backs in the latest news about Stanford. He's become "ho...hum" while Bernie Madoff still gets a few headlines. I agree about the "threads being pulled." Someday hopefully we will see the "whole cloth." And, I'll bet even Bernie is a thread in the whole cloth somewhere.