As Others Fled Venezuela, Stanford Saw a Chance

Stanford International Bank, through a network of SGC financial advisers, sold about eight billion dollars of "self-styled certificates of deposit" to investors by promising improbable and unsubstantiated high interest rate returns.

As Others Fled Venezuela, Stanford Saw a Chance

Postby farscaper » Wed Oct 14, 2009 12:18 pm

By SIMON ROMERO
Published: February 19, 2009
As much as 30 percent of Stanford International Bank’s $8 billion in reported assets last year came from Venezuelans.

http://www.nytimes.com/2009/02/19/busin ... nvest.html
farscaper
Site Admin
 
Posts: 247
Joined: Fri Jan 30, 2009 2:08 pm

As Others Fled Venezuela, Stanford Saw a Chance

Sponsor


Return to Allen Stanford - Stanford International Bank

Who is online

Users browsing this forum: No registered users and 0 guests