In today's news another scam, this time 8 Billion dollars, I'm betting there'll be at least a few swiss clients hit on this one...
http://www.marketwatch.com/news/story/sec-charges-stanford-alleged-8/story.aspx?guid={7A11D196-A189-4982-BA46-4F4F1AEF9597}&dist=msr_22&print=true&dist=printMid Section | Quote: |  | |
| SEC charges Stanford in alleged $8 billion scheme Antigua-based bank offered 'improbable' rates on CDs, regulator says
By Alistair Barr, MarketWatch Last update: 3:11 p.m. EST Feb. 17, 2009
SAN FRANCISCO (MarketWatch) -- The Securities and Exchange Commission said Tuesday it charged billionaire Robert Allen Stanford and three of his companies with defrauding investors in an alleged $8 billion scheme involving certificates of deposit. | |
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Also a great NPR version of what's happening if you want to listen
http://www.npr.org/templates/story/s...ryId=100785742 
Linear Mode
