Money can make you and break you.


Stanford denies involvement in Ponzi schemes

The Texan financier, Allen Stanford, has given an emotional television interview in which he defended himself against charges that he defrauded investors out of billions of dollars.

He wept as he spoke about his employees, and later threatened to punch the interviewer in the mouth if he repeated allegations that he was involved in the laundering of Mexican drug money.

Mr Stanford said the government’s seizure of his assets had left him with little money and few changes of clothing.

He was accused by American financial regulators of an $8 billion fraud.

Allen Stanford in one of his more dramatic moments during the interview, said he would “die and go to hell” if his investment plans were proved to be Ponzis – financial pyramid schemes.

My great grand-ma (mommy is what I used to call her) taught me to always be contented and appreciative of the little things life has to offer because money can make you and break you.

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Comments

  • kagedbird  On April 14, 2009 at 7:20 pm

    The whole Caribbean including Cricket greats were caught up with the Stanford dream. I am not going to knock the man when he is down though. He has done a lot for the Caribbean region and let us hope that other investors will step up to the plate as they have not doen before.

  • kagedbird  On April 14, 2009 at 7:21 pm

    The whole Caribbean including Cricket greats were caught up with the Stanford dream. I am not going to knock the man when he is down though. He has done a lot for the Caribbean region and let us hope that other investors will step up to the plate as they have not done before.

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