Enterprising Investor Forum

Sir Allen Stanford – will he walk? Wednesday, June 24, 2009

Former Texas billionaire and cricket promoter Sir Allen Stanford has appeared in a US court charged over a multi-billion-dollar scheme to defraud investors… sadly enough, after Madoff & Co. people are simply not that shocked anymore (unless you had invested with him!).

Is this it or are there more surprises to come, more ponzy schemes and more fraud? What will be interesting to follow in this specific case, is that Stanford has repeatedly claimed that he knows nothing of this alleged ponzy scheme and that he will fight the charges with all he’s got! We shall see, but we find it hard to believe that he’ll manage to get out of this one…