Allen Stanford, Alleged Fraudster, Accuses SEC Of Gestapo Tactics

New York Times:

HOUSTON -- As R. Allen Stanford, the Texas billionaire accused of masterminding an $8 billion Ponzi scheme, tells his side of the story, regulators are lying when they say he defrauded tens of thousands of investors. And if any of it is true, his chief financial officer is to blame, Mr. Stanford says.

Tears welling in his eyes, Mr. Stanford came out swinging in an interview Monday in his lawyer's office. He accused the Securities and Exchange Commission of squandering the assets of his financial companies and engaging in "Gestapo tactics", asserted the court-appointed receiver was "not up to the job" and accused the media of making him into a "caricature" of a maverick, unruly Texan who threw money around the Caribbean.

Read the whole story: New York Times

Comments

[blood1]

It is moderately amusing that Stanford is trying to say that he was an "innocent by-stander" as CEO of the company. Gee, I thought we already solved that problem with Enron...the CEO is held responsible...or may this is more "revisionist history" that is well reflected in Texas.

[philosopherkingtomas]

i am worried about your trophy girlfriend!

[Donnat]

Gawd, how much more can Texas be embarassed this month?

[RandVictims]

Who knows, but I'd be OK with Mexico relieving us of that burden.

[thinbluetorpedo]

This guy always has tears in his eyes.

Shouldn't he be in jail or something?

[LHoney]

Why do you think he's crying?

[brandnewstuff]

I do not have a shoulder to cry ON!

[kellygrrrl]

oh, goodie! more Crying&Lying from the Crimz

[SimJack]

One of them sensitive new age kind of con-artists who just needs a cuddle and some cellblock tenderness.

[GhostofBillHicks]

Heh,Heh!! thats what I was thinking

[essbird]

... married to the guy with the most cigarettes...

[mesoholy]

A soft cowboy like that makes me all wet down under. Call me!

[RandVictims]

Republican Texans are funny. They talk like tough guys but they'd wet themselves if physically contronted (like Beck and the truck dirver)

If Stanford is such a bad*ss, put him in Max Security, or better yet, send him to Iraq if convicted.

[bbbear]

Yep. I left Texas while in college, other friends remained, became Judges, and other professions and supported Tom Delay, Dubya, Dick Cheney, et al, with all their hearts. There must be something very baaaad in the Texas water..

[TrooAmerican]

I think its a natural tendancy of many people in a "good ole boy" system of power and money. They join in the fun of attacking people that seem weaker and vulnerable to attacks, and they seek money and more power at any cost, while helping each other get it.
If you are a Judge or an Attorney or such, and you solidly back Delay, W, or whomever, you get access. You get invited to big time parties with big time players who are going to get NoBid contracts and free passes to act in any unethical way possible.

[TrooAmerican]

Stanford will likely not go to jail, and end up on FOX doing a variety financial news show right after Beck

[bbbear]

Yep. That seems to be how it works in the good ol' US ! While Obama protects Dubya and gang from being prosecuted for torture and other war crimes, the two not-too-bright soldiers Dubya jailed for torturing Iraqis are still behind bars.

[LHoney]

I know. We should be called the Double Standard States of America

[All in All]

There must not be psychological test for people like Standford, because if there were Stanford would surely be locked away by now.

[brklynivn]

When all of his investors get their money back then maybe one can start having some empathy for this con man, until then, no dice.

[Slapmewhenitsover]

From the description in the interview, it sounds like he is either snortin' coke or meth, but he certainly ain't normal.

He is so high he cannot keep his lies straight.

[Oldbuck]

This guy sound like every criminal who got caught. I did not mean to steal all that money it was those investor fault because they were so stupid that they gave me their money.

[sunbeltvoter]

What? "I did not steal that money, all of them handed it to me" is not a valid excuse?

[aspecialed]

What a wimp. At least Madoff had the decency to act in a civil manner.

[dianadavies]

Yeah, that Madoff is a real stand up guy!