| Crime |

Former Miami DEA Chief Charged with Shredding Ponzi Schemer Allen Stanford's Docs

Keep New Times Free
I Support
  • Local
  • Community
  • Journalism
  • logo

Support the independent voice of Miami and help keep the future of New Times free.

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.

Thomas Raffanello learned that the hard way -- and he really should have known better.

Raffanello, a 61-year-old Coral Gables resident, spent 35 years working for the DEA and was in charge of Miami's busy office for years. He retired in 2004 and went to work for "Sir" Allen Stanford -- the man now known as "mini-Madoff" and the architect of an $8 billion Ponzi scheme. (Here's our profile on Sir Allen.)

When Stanford's empire imploded in February, a federal receiver sent all employees an email demanding that they preserve notes, emails, and other records.

Raffanello, Stanford's global director of security, instead called a crony named Bruce Perrod and told him to shred away, according to the feds.

Late on Thursday, federal agents arrested Raffanello and charged him with three counts of conspiring to obstruct an SEC investigation. Perraud, a 42-year-old from Weston, faces two of the same charges.

So what did we learn, kids? When you go to work for a Ponzi scheme, at least listen to the SEC once it finally gets its act together enough to shut you down.

Keep Miami New Times Free... Since we started Miami New Times, it has been defined as the free, independent voice of Miami, and we would like to keep it that way. Offering our readers free access to incisive coverage of local news, food and culture. Producing stories on everything from political scandals to the hottest new bands, with gutsy reporting, stylish writing, and staffers who've won everything from the Society of Professional Journalists' Sigma Delta Chi feature-writing award to the Casey Medal for Meritorious Journalism. But with local journalism's existence under siege and advertising revenue setbacks having a larger impact, it is important now more than ever for us to rally support behind funding our local journalism. You can help by participating in our "I Support" membership program, allowing us to keep covering Miami with no paywalls.

We use cookies to collect and analyze information on site performance and usage, and to enhance and customize content and advertisements. By clicking 'X' or continuing to use the site, you agree to allow cookies to be placed. To find out more, visit our cookies policy and our privacy policy.


Join the New Times community and help support independent local journalism in Miami.


Join the New Times community and help support independent local journalism in Miami.