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ABC Exclusive: Tearful Allen Stanford says "I would die and go to hell if it's a Ponzi scheme"

In First Interview Accused Financier Denies Ponzi Scheme, Drug Cartel Connection

Flamboyant financier 'Sir' Allen Stanford expects to be indicted by a federal grand jury in the next two weeks, he told ABC News in an interview in which he cried, denied wrongdoing and threatened to punch his questioner in the mouth.

"I would die and go to hell if it's a Ponzi scheme," Stanford said in reaction to civil allegations from the Securities and Exchange Commission that he bilked thousands of customers in an $8 billion fraudulent scheme involving "self-styled certificates of deposits" with "improbable" rates of return.

"Baloney. Baloney," Stanford told ABC News. "It's not a Ponzi scheme. If it was a Ponzi scheme, why are they finding billions and billions of dollars all over the place?"

ABC 4/6/9, video of interview available

H/T Tupelo Talk


Posted April 6, 2009 - 5:41 pm
1 Comments:

B O L O G N A.......... you should know all bout it Allen Stanford.........cause you are freaking full of it.....

If you are soooooooo honest and soooooooo damn legit........ where is all the money ya idiot ?

And wish you had took a swing at your interviewer......let them have it on tape dummy...... hope you keep doing interviews and they keep asking you....and you snap....... add to your problems .... that might get you locked up faster....

LOLLLLL

Posted by Ticked_off_in_MS on 04-07-2009 at 01:09 AM [link]

The Ponz in Christiansted, USVI, was the conversational topic with my long time friend who knows what wonderful and passionate big spenders do with their money.  One of Stanford’s projects last year was do completely demolish a dozen great and quite new homes on a hill overlooking the sea in St.Croix.  There are many benefits, and have been such, for years where the so-called VI government gave a 4% tax instead of the USA’s 40% tax, and therefore big boys with lots of Ponz, built and destroyed what pleased them.  Now everything of Standford’s liquidation is “frozen”, even that now mounds and mountains of earth - for his grande home on top of everyone.  Tears.  Tears.  It’s all unbearable.  The same for the wonderful “assistant” next to Scruggs, Mr Due’, a lawfirm that made a moundfull of dough and scooted to St.Croix and built - well, it’s not finished yet, after 7 years, but it looks a lot like Louis’ Versailles.  The Guard Gate, it’s rumored, cost a cool few million, but does that what we all get from the “Arbitration Fee Settlements”.  What’s good is to find a Waldo mansion named Moore of Life, Less of Poore.  I weep for the Ponzi’s.

Posted by ribald on 04-08-2009 at 03:48 PM [link]
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