Sticky Wicket
The BBC tells us that a US tycoon charged over $8bn fraud
Texan billionaire and cricket promoter Sir Allen Stanford has been charged over a $8bn (£5.6bn) investment fraud, US financial regulators say.
The Securities and Exchange Commission said the financier had orchestrated “a fraudulent, multi-billion dollar investment scheme”.
The SEC said the fraud was “based on false promises and fabricated historical return data”.
English cricket bosses have pulled out of sponsorship talks with Sir Allen.
He also lost money in the Bernie Madoff scheme. It’s a case of one Ponzi scheme investing in another. Who did he think he was, Citicorp? I know where I’d like to stick a wicket, but that wouldn’t be nice. This guy once arrived at an event in a gold-plated helicopter, and people gave him money to invest – it boggles the mind.
2 comments
Ahhhh… well, that what’s known as a ‘sticky wicket’! LMAO
LOL I’m just laughing…. 😉
The fools that threw money away with Madoff and Standford are the “investors” that the GOP thinks will get us out of trouble in a “free market”. They are gamblers, not investors, and winning a state lottery offers better odds.