Allen Stanford’s trial is over and he stands convicted of 13 out of 14 offenses as reported in the NYT. He is now headed to prison. In this enormous scheme Stanford swindled 30,000 investors from more than 100 countries of more than 7 billion dollars. It is hard to wrap your mind around that level of greed…. Continue Reading
Tag Archives: white collar
Lance Armstrong wins longest ride of his life: Federal Investigation Dropped
Posted in Cycling, Performance Enhancing DrugsLance Armstrong will take a metaphorical ride down the Avenue des Champs-Élysées today in celebration of the end to a federal probe into his alleged use of performance enhancing drugs and a host of other charges. The investigation into Lance is over, and there will be no charges period–case closed. U.S. Attorney André Birotte, Jr., said Armstrong and… Continue Reading
Cricket Bats and Federal Court: Part II
Posted in Cricket, Federal FraudThis is an update to a previous post (found here) regarding the trial of Ponzi scheme leader/cricket teaming owner Allen Stanford. Last we heard Stanford had failed to convince a federal judge that he was mentally unfit to stand trail for an alleged $7 billion scheme to defraud investors. Now, a former employee of the… Continue Reading
Cricket Bats and Federal Court
Posted in Cricket, Federal FraudU.S. District Court in Houston will be the site of a sadly familiar story with an unusual central figure next month as the trial of Sir Allen Stanford begins. The familiar part is an allegedly 7 billion dollar Ponzy Scheme run by Stanford that bilked thousands of investors of their money. The new twist is Allen Stanford, the former… Continue Reading
To testify or not to testify? That is the question…
Posted in Political Athletes, White CollarThe Chicago Sun Times reported on June 29, 2011 that the jurors in the Rod Blagojevich trial felt like the ex-governor was tailoring his testimony to them. Apparently, by discussing books in his library, his deep interest in education and his love for music, the ex-governor was attempting to make a connection to several jurors which included a… Continue Reading