Allen Stanford Missing: Federal Authorities Do Not Know His Whereabouts

UPDATE: MSNBC is reporting that Allen Stanford tried to hire a private jet to flee the US.

According to ABC News, federal authorities do not know the current whereabouts of Texas banker R. Allen Stanford, who was accused Tuesday by the SEC of trying to bilk some 50,000 customers out of $8 billion. His apparent disappearance comes despite raids Tuesday of Stanford's offices in Houston, Memphis, and Tupelo, Miss.

ABC also reports that federal authorities say the case could grow as big as the $50 billion ponzi scheme allegedly perpetrated by Bernie Madoff

For Stanford's other controversy, click here.

For more information on Stanford's political donations, click here.

For seven surprising shockers from the SEC's complaint on Stanford, click here.

For a slideshow of Stanford's influential circle of friends, including powerful Senator Chris Dodd and golf superstar Vijay Singh, click here.

The Huffington Post intends to dig deeper into this story, and we need your help. If you have invested with Stanford or know about the bank's business practices, we want to hear from you. Email us at [e-mail].

If you have invested with Stanford, let us know about your returns on investment. Have you tried to get your money back and been rebuffed? What have you been told about the bank's portfolio? How long have you been invested with him?

If you know Stanford personally, tell us about him.

Email your insights to [e-mail]

Comments

[poeticalmath]

green giant of vert check the tourment

[writerroz]

Stanford is probably at the Bush Ranch which they must have kept for such purposes. If Bush could have goten him out of the country, like the BinLadens, it would have been done before he left office. Pretty strange that these large Texas Style criminals are being caught more easily now with Bush & Cheney out of Washington. Maybe the Bush residences, the ranch and the Dallas homes should be searched for evidence. Oh, Wait a minute! What was in the boxes that Cheney hurt himself moving out to the van?

[Hank10303]

This is the very same guy SEAN HANNITY DID A READIO COMMERCIAL FOR. In the commercial Hannity says if you mention his name and purchase gold accounts you will get a discount. I wonder how many people purchase or invested that are not busted flat broke because of Hannity.

[CeeCee]

He also did it on Fox News according to Rick Sanchez at CNN. I can only hope Hannity invested his own money -- and lost it all. Karma, or what!

[AN2009]

Stanford was found in Virginia.

[indy100]

The bigger they are the more money the need just to survive. It should be easy to track him down through the money trail. Do you suppose there are people in Washington who wouldn't want that to happen? Ever wonder why these guys and their multi-billion dollar fraud schemes are never caught until it's years too late, or they've already left town???

[writerroz]

Why does anyone think the Republicans are SO AGAINST the stimulous and just about everything President Obama is doing? Dig too far, and find more Republican crimes, huh?

[TomBrentwood]

Most interesting in the economic meltdown news of 2009 has been the exploits of ex-special forces, Wall Street trader, and exceptional private fraud investigator, Harry Markopolos. Harry goes after the whitecollar criminals of the financial world like Bernie Maddoff. But the Bush boys failed to act after 8 years of detailed reports from Harry as explained to Congress & 60 Minutes a few weeks ago.
During his testimony to the Senate Banking Committee I remember him being aksed if he had any other ponzi scams in his sights after Bernie. Harry said he did and would turn the info over to the SEC the next day but wouldn't say who it was. I think it was Stanford.
Check it out.

[Fromageball]

He's probably in Namibia, I think that's the vacation spot of choice for people like him.

[rf dude]

He sleeps with

Luca Brazi...
--

[Bendra]

I WISH.

[martin2]

Do not vote for any incumbent......

[sudsnsax]

I agree with your comment 100%.

[fredgladys]

He's probably holed up with Lord Lucan

[dozaa]

Someone call Dog the Bounty HUnter!

[PSM42]

Isn't he doing 20 years in a Mexican he11-ho1e?

[Proxy11]

I'm sure he's just taking a Siesta... on the moon!

[mam]

Gee, what a surprise. Try looking in Dubai or the Cayman Islands.

[ManassasMan]

Perhaps he's using Cheney's " undisclosed location" !

[totaldisbelief]

He'll go the same way as Ms.Palfrey ,the DC Madam....and for the same reasons...he knows too much.

[Name Not In Use]

Probably getting depressed and looking for a garrote right now.