via Liz Lomax 3D Illustration, for Texas MonthlyTexas Monthly has a new feature story out about disgraced accused Ponzi schemer and frequent reporter threatener 'Sir' Allen Stanford. It's good, although ... cough, cough ... your very own New Times had a pretty good read on the same guy last month, if we don't say so ourselves. And we do.But that illustration! It's more accurate than any photo of Sir Allen could hope to be: the island of Antigua made out of piles of cash, the wild, shirtless exce
As we wrote last month, there weren't any shortages of warning signs that something was fishy at Stanford International. A number of regulators had ample opportunities to expose Stanford's fraud, from the SEC (which ignored several employee whistleblowers) to the DEA to Congress. via Liz Lomax 3D Illustrations, for Texas MonthlyThanks to some new documents made public this morning, now you can add our own Miami Herald to that list of ball-droppers. According to several hundred pages of SEC files
You remember Bill Brasky, right? The guy whose friends are always hooking up in SNL skits to drink scotch and talk about the manly, insane stuff he does?
via Liz Lomax 3D Illustrations for Texas MonthlyLike: "He used to shoot whiskey in his neck with a syringe." And, "We once had a bachelor party for Bill Brasky. He ate the entire cake before we could tell him there was a stripper in it." And, of course, "His poop is considered currency in Argentina."Well, the more that comes out about ou
New Times' favorite accused Ponzi schemer, the island-ownin', mistress-swappin', cricket-lovin' Sir R. Allen Stanford, had his first day in court today.via Liz Lomax 3D Illustrations for Texas MonthlyStanford was finally charged last week with 21 counts of wire fraud, mail fraud, money laundering, and obstruction of justice in connection with his Antigua-based bank, which the feds say plundered $7 billion from thousands of investors.He showed up for his hearing today with shackles on his hands a
Way back in April, New Times reported on how Sir Allen Stanford built a $7 billion Ponzi scheme in the Caribbean thanks to blind regulators and political influence. via Liz Lomax 3D Illustrations for the Texas MonthlyYesterday, the Miami Herald fleshed out the local incompetance and greed that helped Stanford rake in more than $600 million from a plush downtown Miami office -- apparently without reporting any of the investments to state regulators. If you haven't read the Herald piece, here are
It's been an all-around terrible week for Sir R. Allen Stanford, the mastermind of an $8 billion Ponzi scheme run out of a lush downtown Miami office. (Here's our feature about the Miami players in his criminal empire, if you haven't read it.)via Liz Lomax 3D Illustrations for Texas Monthly​First came word this morning that James Davis -- Stanford's right-hand man, CFO, and the most famous dude in Baldwyn, Mississippi -- will enter a guilty plea in Houston court for his role in the fraud.
A quick lesson for all the school kids feverishly getting a Riptide fix before class this morning: If you're working for a blatant Ponzi scheme (and don't worry, someday you will) and the SEC phones and tells you not to lose any documents, don't tell your employees to fire up the shredder. It's just a bad idea.
Liz Lomax 3D Illustrations for Texas Monthly​Thomas Raffanello learned that the hard way -- and he really should have known better. Raffanello, a 61-year-old Coral Gables resident
