“Stanford Coins & Bullion, a member of the Stanford Financial Group, their name as good as gold“
–Sean Hannity
BEN FOX, Associated Press:
ST. JOHN’S, Antigua – Panicky depositors were turned away from Stanford International Bank and some of its Latin American affiliates Wednesday, unable to withdraw their money after U.S. regulators accused Texas financier R. Allen Stanford of perpetrating an $8 billion fraud against his companies’ investors.
Some customers arrived in Antigua by private jet and were driven up the lushly landscaped driveway of the bank’s headquarters, only to be told that all assets have been frozen pending an investigation by Antiguan banking regulators.
“I don’t know what to think. I have my life savings here,” said Reinaldo Pinto Ramos, 48, a Venezuelan software firm owner who flew in by chartered plane from Caracas Wednesday with five other investors to check on their accounts. “We’re waiting to see some light.”
Banking regulators and politicians around the region are scrambling to contain the damage after the U.S. Securities and Exchange Commission filed civil fraud charges against the billionaire on Tuesday. Regional Director Rose Romero of the SEC’s Fort Worth office called it a “fraud of shocking magnitude that has spread its tentacles throughout the world.”
Sean Hannity: Allen Stanford Fan, Recommends Companies On Radio Show
Mention ‘Sean Hannity’ to Stanford Coins & Bullion and get a free guidebook.
Yup, that’s Stanford as in Stanford Financial Group, or Allen Stanford, the Texas billionaire fugitive whose currently missing after being charged Tuesday in connection with a multi-billion-dollar fraud.
“Stanford Coins & Bullion, a member of the Stanford Financial Group, their name as good as gold,” Hannity intones on advertisements that regularly run on his radio show.
“I couldn’t believe it when I heard the advertisement,” said Michael Levine, a regular Hannity listener from Westchester County, New York.
He called the radio station on Tuesday to inform them Stanford had been implicated in what the SEC termed “massive, ongoing” fraud. “They told me they had no idea what I was talking about,” Levine told the Huffington Post.
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Tags: class war, fraud, kleptocracy, R. Allen Stanford, Sean Hannity, shill
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