Quick Comment: Stanford Bank Ponzi Scheme

Come for Beaches, Stay for the Bank Fraud

Come for the Beaches, Stay for the Bank Fraud

I've been asked for my thoughts on the latest Ponzi scheme, the Stanford International Bank Certificate of Deposit Fraud...

#1  If you put your entire "life savings" into a bank in the Caribbean, chances are you've got something to hide, so...sucks for you.

#2  This is a CD paying out double what every other CD on the planet is paying...with no regard for the economic environment over the years.  The point of a CD is safety, so you got screwed because you were being a piggie about the yield on your "safety".

#3  I hear "Sir" Allen Stanford is MIA...good, hopefully a local in Antigua slid down a coconut tree and beheaded the SOB with a Machete. 

#4  Where do I apply for a "Sir" title from Antigua?  Is there a website or something?  Getting knighted in the Caribbean is just as dignified as Elton John and Mick Jagger being knighted in England, any day of the week.

See Also:

Were the Feeder Funds in on the Madoff Scam?

Agape World: More Red Flags Than An Evening At Medieval Times

Girls of Ponzi 2009 Calendar

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