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Sir Allen Stanford, the Texan billionaire who ploughed millions of pounds into English cricket, may have been working as an informant for American anti-drug agents in return for official protection which gave him free rein to run his banking empire, it emerged yesterday....His status as a confidential informant could have secured Stanford a degree of protection from financial regulators such as the US Securities and Exchange Commission (SEC) and may explain why a SEC investigation into his dealings in 2006 was quietly dropped following a request by another American government agency.
posted by mikevotes at 8:28 AM
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This is not the America I was brought up to believe in. This blog seeks to highlight abuse of power, deception, corruption, and just plain bad ideas in government and corporations. Updated several times a day.
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