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 submissions+Stanford@huffingtonpost.com.
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 submissions+Stanford@huffingtonpost.com
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