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Stanford a cog in the U.S. intelligence dirty money laundering machine


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Last updated:
Tue, 24 Feb 2009 16:13:00 +0000

Sir Allen Stanford appears to be yet another multi-billion dollar cog in a network of off-shore banks, corporate contrivances, and folding tent operations. Although Stanford is being investigated for a $8 billion fraud scheme, the U.S. Attorney for the U.S. Virgin Islands, where Stanford has extensive holdings on the island of St. Croix, told the Associated Press that the Obama Justice Department is not actively pursuing Stanford.

The Obama campaign gave $4,600 in donations from Stanford to the Chicago Coalition for the Homeless after the news broke about the investigation against Stanford's firms.

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