SEC probed Stanford companies; red flags abounded (AP)

Posted by admin on February 27, 2009 under News | 2 Comments to Read

SEC probed Stanford companies; red flags abounded (AP)

In this Feb. 19, 2009 file photo, customers of Stanford Bank walk outside one of its offices in Caracas, Venezuela. As with the Bernard Madoff affair, looking now at the scandal surrounding billionaire R. Allen Stanford makes it seem obvious. Yet Stanford was able to continue his alleged scheme as the Securities and Exchange Commission and other regulators stood by, even after he arose on their radar screens. (AP Photo/Carlos Hernandez, File)AP – For years, there were red flags

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