Tuesday, April 21, 2009
Laurel Brubaker Calkins, Bloomberg News,
Laurel Brubaker Calkins, Bloomberg News,
Allen Stanford says SEC destroyed business
R. Allen Stanford, the Texas billionaire accused of masterminding an $8-billion Ponzi scheme, said “I’m not a damn swindler” in an interview in Houston.
“The SEC far overreached and basically ruined a multibillion-dollar company,” Stanford said in the interview in the office of his criminal-defense lawyer, Dick DeGuerin on Monday. “Everybody got paid and everybody got made whole until the SEC came in and shut everything down.”
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Posted by Editor on 04/21/09 at 09:16 AM •
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