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re: Victims of Allen Stanford may get some money back

Posted on 12/28/20 at 5:55 pm to
Posted by ScottAndrew
Baton Rouge, LA
Member since Aug 2009
1005 posts
Posted on 12/28/20 at 5:55 pm to
At the time the very highest yield you could find for sketchy cd’s was 6-8. Stanford did come in about twice what was reasonable. Unfortunately, few investors (or their attorneys) bothered to read the first page of the prospectus. It read like a hedge fund. The brokers slinging the shite did an astonishing job of getting out in front and making it sound legit and making investors feel confident. It goes much deeper on the how but not putting it on the board
Posted by saint tiger225
San Diego
Member since Jan 2011
37422 posts
Posted on 12/28/20 at 6:29 pm to
quote:

goes much deeper on the how but not putting it on the board
Wtf? Why not? You can't leave us hanging like that.
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