quote:
The Stanford Financial Group was a privately held international group of financial services companies controlled by Allen Stanford, until it was seized by United States (U.S.) authorities in early 2009. Headquartered in the Galleria Tower II in Uptown Houston, Texas, it had 50 offices in several countries, mainly in the Americas, included the Stanford International Bank, and said it managed US$8.5 billion of assets for more than 30,000 clients in 136 countries on six continents.[1][2] On February 17, 2009, U.S. Federal agents placed the company into receivership due to charges of fraud.[3][4] Ten days later, the U.S. Securities and Exchange Commission amended its complaint to accuse Stanford of turning the company into a "massive Ponzi scheme".[5]

ya never know. that is the issue with those privately held companies.

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Posted by player711

Member since Jun 2006

285 posts

Posted on 9/25/18 at 6:58 pm to Fat Bastard

Wow- I get what you’re saying, but to base 1 Private companyand then compare it to the Stanford Group.....??.
Just stay where you are at man. Also, the other link on private investment fund is totally off.
I get what you’re saying to, but the article is very narrow and misses the boat on covering all private investments.
Good luck man- if you’re not open minded- just stay in ETFs/index funds, etc...

I hear what you are saying, but all of the Stanford Groups of the world give good private companies or the industry a black eye.
You never hear about(not as much) publicly traded companies in mutual funds, etc...
Real wealth is created through education, not ignorance.

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