The Dark Knight
At $8 billion, Sir Allen Stanford’s alleged fraud wouldn’t even be the biggest Ponzi scheme uncovered in the past few months. But his wretched excess and jaw-dropping gumption have no equal.
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5 comments
Monday, August 10th, 2009, 7:57 pm
sirgeraldbirkin says:
Allen Stanford’s school of serial swindlers use name dropping, stamped passports, falsified tax returns, and donations to St. Jude’s to gain trust and power over private companies with aspirations to go public. According to SEC files, Sydney "Trip" Camper botched a deal with the Ahkoy family’s Datec and was fired from Elandia Inc. by Allen Stanford. With help from his new partner in crime, Sydney Camper went on to his next victim in Los Angeles and ruined this private company by forming a shell holding company, opening secret bank accounts, and using all THEIR assets to get OTHER people to loan HIM money = PONZI SCHEME!!!! In true Stanford form, Sydney Camper moved on to his next fraud scheme at InZon and Wealth Management Committee. Ed Berkhof is orchestrating a new scam with FMC Telecom. Frank Cassidy, owner of FMC Telecom, is either his new fellow fraudster or Mr. Cassidy has fallen victim to Ed Berkhof’s new Ponzi scheme. Meanwhile, The Ahkoy family is now suing Elandia in the Pacific and Florida courts. The FBI and SEC are investigating Allen Stanford, James M. Davis and their den of thieves including Sidney D. Trip Camper III and Ed Berkhof.
Tuesday, April 28th, 2009, 2:54 pm
SR says:
Intersting that that author of this piece did not ask Tidwell and Rawls how much money each made form putting thier clients money at Stanford International Bank- Mark was always on the top of the list every quarter. Mark was known as an advisor who "talked a big talk" and was all "smoke and mirrors." This was how he was know at Merrill and at Stanford.
These guys are really being opputunistic!
Writers need to do thier homework - check the backgroud of these guys!
But, there are also a few good points in this article.
Monday, April 27th, 2009, 10:19 pm
Alex Dalmady says:
If Allen Stanford was ever wealthy, it was only briefly and very many years ago.
He was NEVER really a billionaire.
If people lend you $8 billion and you invest some of it (poorly), spend a bit lavishly, give a few donations here and there and keep a nice amount in cash just in case a few folks ask for their money back..what is it called? Answer: Stanford International Bank Ltd (Antigua).
Make it all look nice and solid, hire a docile bookkeeper to massage the numbers and you are...Allen Stanford!
Don’t look for conspiracies, the most logical answer is the most simple one.
Sunday, April 26th, 2009, 9:21 am
Carol says:
Who wrote that comment? Thought his PR staff were furloughed by the receivership lawyer.
Saturday, April 25th, 2009, 3:42 pm
RC says:
It is not a crime to be wealthy. It is most often a product and reward for hard work and persistence. Mr. Stanford spent 25 years building an empire that the SEC unraveled in the span of a weekend. Whether he is guilty or not is not the issue at this point (it will be later). But rather what right the SEC has to de-value at such an incredible rate, the monies belonging to Stanford and his clients. They have no right. That and the fact that to my recollection, "innocence" is presumed before "guilt." The media (ie - this article) seems to forget this fact. And how his bank shelled out as much cash as it has in the past 90 days to investors surely denounces the very basis for a ponzi scheme. Ponzi schemes have NO money. Stanford had enough to pay out handsomely. So let’s not rush to judgement and let the proceedings play out. And in the future, try and give as much attention to the organizations he poured out money to (like St. Jude’s Children’s Hospital). Guess that type of "positive" press doesn’t sell magazines... You’re better than that Texas Monthly...
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