According to Vanity Fair magazine, Sir Allen Stanford, who the SEC alleges ran a Ponzi scheme, was on the FBI's radar for a number of years since he was investigated for money laundering back in 1989.
The article in the July issue of Vanity Fair, quotes a former FBI agent who claims that there were a series of interagency investigations into Stanford, but none of them resulted in any legal action.
The article also claims that there were various "red flags" within Stanford International including a 70-year-old compliance officer.
Tuesday 16 June 2009
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