TPM:
It looks like Allen Stanford just couldn't quit his high-living ways -- even when the chips, so to speak, were down.
The Financial Times has a great find in the court filings made by the SEC in Stanford's case:
The Commission is investigating whether Stanford has violated the terms of the asset freeze after it was entered by writing a series of checks to the Bellagio Hotel & Casino in the aggregate amount of $258,480. All of these checks were dated February 19, 2009 (two days after entry of the asset freeze), signed by Stanford, and honored on or about February 24th or 25th.
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The Commission is investigating whether Stanford has violated the terms of the asset freeze after it was entered by writing a series of checks to the Bellagio Hotel & Casino in the aggregate amount of $258,480. All of these checks were dated February 19, 2009 (two days after entry of the asset freeze), signed by Stanford, and honored on or about February 24th or 25th.
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1 comment:
And no body called me. Now this will be interesting to see how Stanfords assets were frozen yet he still got to spend that much money. What's in charge and how much did Stanford pay them?
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