Tag: allen stanford

TORONTO STAR: Few tears should be shed for Bernie Madoff, king of the Ponzi schemes

One of Allen Stanford’s victims said that Stanford was worse than Bernie Madoff, who has just died, because Stanford targeted middle-class investors. “He stole more than millions,” the victim said, “he stole our lives as we knew them.”

NEWS: SocGen ordered to return $150 million of Stanford Ponzi cash – “significant victory”

Society Generale has been ordered to return $150 million of cash stolen by Ponzi fraudster Allen Stanford Ponzi – a “significant victory” said Martin Kenney, general counsel to the joint liquidators of Stanford International Bank.