2.25.2009

Stanford a cog in the US intelligence dirty money laundering machine

By Wayne Madsen

“Sir” Allen Stanford appears to be yet another multi-billion dollar cog in a network of off-shore banks, corporate contrivances, and folding tent operations. Although Stanford is being investigated for an $8 billion fraud scheme, the U.S. Attorney for the U.S. Virgin Islands, where Stanford has “extensive” holdings on the island of St. Croix, told the Associated Press that the Obama Justice Department is “not actively pursuing” Stanford.

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