Stanford Fraud Case Takes Weird Twist

From the NY Times, via Wall Street Swat, we learn that R. Allen Stanford and his #2 man,  James Davis became “blood brothers, cutting their wrists and mixing their blood in a “brotherhood ceremony” that Mr. Stanford’s chief financial officer said promoted an elaborate scheme to hide a multibillion-dollar fraud from American and other regulators.”

Wall Street Swat’s reaction says it best:

Seriously?

This entry was posted in Fraud, Miscellaneous and tagged , , by Jordan. Bookmark the permalink.

About Jordan

Jordan is a Partner and Vice President at HedgeOp Compliance, LLC. He is in charge of the development, growth and marketing of HedgeOp's ComplianceTrak software. Prior to joining HedgeOp in March of 2003, Jordan worked at Euromoney Institutional Investor, Plc., as a Client Services Executive. While there, he worked with senior level executives in the New York and Canadian banking communities to plan and coordinate financial and legal training seminars. Jordan graduated with a B.S. in Applied Economics Management from Cornell University.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>