The global financial crisis and economic meltdown has seen some amazing stories already, but one that may take the cake as most Hollywood-esk is that of the scandal surrounding billionaire and now fugitive Texas businessman Allen Stanford.
Major financial fraud investigation into Texas businessman Allen Stanford spreads to a drug, money laundering and political corruption.
Billionaire Allen Standford, who appears to have gone missing amid the chaos of what appears to be yet another outrageously massive financial scandal to rock the world, could also be exposed as a drug lord.
The US Federal Bureau of Investigation along with other agencies are in the processes of investigating involved in laundering drug money for a violent Mexican Gulf Cartel gang. This is on top of an investigation into Allen Standford's bizarre Caribbean bank and financial scheme estimated at $8 billion.
Mexican authorities detained one of Mr Stanford's private planes as part of the investigation, which has been ongoing since last year, ABC News reported
Officials said cheques found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico's most ruthless and violent.
ABC cited authorities as saying that Mr Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.
Authorities said the SEC's action against Mr Stanford on Tuesday may have complicated the federal drug investigation. Allen Stanford is now considered a fugitive by law enforcement around the world, his whereabouts is unknown. He is assumed to be somewhere in South America or the Caribbean.
The fallout from the Allen Stanford scandal is now widespread with everyone from the big wigs of the sport of Cricket and golf, to Wall Street and even the Venezuelan government implicated. Stanford even has his hands all over US President Barack Obama's Democratic party. You just cant make this stuff up.
Major financial fraud investigation into Texas businessman Allen Stanford spreads to a drug, money laundering and political corruption.
Billionaire Allen Standford, who appears to have gone missing amid the chaos of what appears to be yet another outrageously massive financial scandal to rock the world, could also be exposed as a drug lord.
The US Federal Bureau of Investigation along with other agencies are in the processes of investigating involved in laundering drug money for a violent Mexican Gulf Cartel gang. This is on top of an investigation into Allen Standford's bizarre Caribbean bank and financial scheme estimated at $8 billion.
Mexican authorities detained one of Mr Stanford's private planes as part of the investigation, which has been ongoing since last year, ABC News reported
Officials said cheques found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico's most ruthless and violent.
ABC cited authorities as saying that Mr Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.
Authorities said the SEC's action against Mr Stanford on Tuesday may have complicated the federal drug investigation. Allen Stanford is now considered a fugitive by law enforcement around the world, his whereabouts is unknown. He is assumed to be somewhere in South America or the Caribbean.
The fallout from the Allen Stanford scandal is now widespread with everyone from the big wigs of the sport of Cricket and golf, to Wall Street and even the Venezuelan government implicated. Stanford even has his hands all over US President Barack Obama's Democratic party. You just cant make this stuff up.
0 Responses to "Video, Allen Stanford Gulf Cartel Drug Lord?"
Post a Comment