"The Securities and Exchange Commission charged Texas financier R. Allen Stanford with an $8 billion fraud, alleging in a civil complaint that he lured investors with promises of high returns on certificates of deposit but poured their money into a "black box" of hard-to-trade assets."
Either Allen Stanford isn't very good at fraud or it's a low-margin business. Think about it. Fortune puts his personal net worth at 2.2 billion, which is probably overstated. If I stole $8 billion I would like to think that I would have something pretty close to $8 billion. These crooks need to get more to the bottom line.
Either Allen Stanford isn't very good at fraud or it's a low-margin business. Think about it. Fortune puts his personal net worth at 2.2 billion, which is probably overstated. If I stole $8 billion I would like to think that I would have something pretty close to $8 billion. These crooks need to get more to the bottom line.
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