WASHINGTON AP - For years, there were red flags - so many they could have massed into a crimson blanket.As with the Bernard Madoff case, the scandal surrounding billionaire R. Allen Stanford now seems clear and obvious in hindsight. Yet Stanford managed to run his alleged scheme even while the Securities and Exchange Commission and other regulators had him on their radar screens and investigated his businesses.
February 23, 2009 at 12:00 AM
1 minute read
WASHINGTON AP – For years, there were red flags – so many they could have massed into a crimson blanket.
As with the Bernard Madoff case, the scandal surrounding billionaire R. Allen Stanford now seems clear and obvious in hindsight. Yet Stanford managed to run his alleged scheme even while the Securities and Exchange Commission and other regulators had him on their radar screens and investigated his businesses. Stanford wasn’t charged until last week.
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