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A wee bit of trouble in Texas

The firm's web site say everything is lovely, except...

         

weeks

10:16 pm on Feb 17, 2009 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



According to news reports, this morning the Securities and Exchange Commission accused the chief of the Stanford Financial Group of conducting "massive ongoing fraud" in the sale of about $8 billion of high-yielding certificates of deposit held in the firm's bank in Antigua.

But, according to the firm's web site, everything is fine, except this one tiny note, deep inside, on the "News" page:


Please direct all general media inquiries and interview requests to:
<snip>

Hmmm. Maybe not so lovely, ya think?

Let's see, now Chrysler says it needs about $8 billion, total. Think how hard this car firm worked to dig that hole, while this CEO appears to simply taken it.

I wonder where he is right now? What's for dinner tonight?

[edited by: lawman at 2:49 am (utc) on Feb. 18, 2009]

Essex_boy

3:51 pm on Feb 21, 2009 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member Top Contributors Of The Month



I think we are going to see ore of this kind of thing as the economic situ worsens