Stanford...it isn't a ponzi scheme.... (job, investment, dollars, check)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
"Baloney. Baloney," Stanford told ABC News. "It's not a Ponzi scheme. If it was a Ponzi scheme, why are they finding billons and billions of dollars all over the place?"
Anyone doing even slight research will quickly deduce that the Stanford fraud is a ponzi scheme--the worse the nation has seen. The reason is that the SEC and SIPC have not granted SIPC coverage. Yes, Madoff victims did receive this coverage. The SEC was told to "stand down" from its investigation in 2006, supposedly by Department of Justice. Fox News confirmed today that Department of Justice told SEC to halt its investigation. So thousands of people lost their retirement and now have nothing--due to criminal fraud. So where is SEC and Department of Justice now--no action as yet. So now you understand why the Stanford ponzi scheme is the worse ever in our history!
well you have to actually have access to all the papers and be good to see that these are Ponzo skeems. All I know is what is reproted on the news really.His certainly doesn't seem to be a obvious or easy to find as madoffs who bascially reported investment that he never made to clients and could be checked on.In both cases;they certainly were able to satisfy SEC investigators before this. Not quite as easy to get away with this for 30 years as Madofff did;just think about it.Multiple admionistrations and so many justice depts and state prosecutors as well as investors who often were no dummy's in the markets.Even had to have people working that you had to hide it from with no whistle blowers.These were very smart people actually.
I wonder how long it will take till some people will loose their job over this...Clearly the SEC for whatever reason didn't do their job!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Millions Lost in Stanford
