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re: Allen Stanford's Ponzi back in the news (Baton Rouge question)

Posted on 2/19/24 at 5:53 pm to
Posted by Tomatocantender
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Member since Jun 2021
4857 posts
Posted on 2/19/24 at 5:53 pm to
quote:

Stanford is a dirtbag. He set out to be a fraud unlike others who fell into it because they got behind in their returns and couldn’t face it. This guy set out from day 1 to defraud people, and use their money to live a lavish lifestyle.


Spot on. I re-watched "The Man Who Bought Cricket" on YT and it definitely infers that this guy set out from Day 1 to defraud. Apparently he owned a chain of failed health clubs in the 80's, and once the banks foreclosed and he filed bankruptcy, it was then his life's mission to get even by any means necessary. Once he learned about Miami/Cuba drug money and offshore banking almost identical to the movie Scarface, the documentary states he was off to the running with his mastermind scam.
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