In Dallas Federal Court, SEC Alleges Allen Stanford's Houston-Based Financial Firm Is Involved in "Massive, Ongoing Fraud"

• Allen Stanford's school of serial swindlers use name dropping, stamped passports, falsified tax returns, and donations to St. Jude's to gain trust and power over private companies with aspirations to go public. According to SEC files, Sydney Trip Camper botched a deal with the Ahkoy family's Datec and was fired from Elandia Inc. by Allen Stanford. With help from his new partner in crime, Sydney Camper went on to his next victim in Los Angeles and ruined this private company by forming a shell holding company, opening secret bank accounts, and using all THEIR assets to get OTHER people to loan HIM money = PONZI SCHEME!!!! In true Stanford form, Sydney Camper moved on to InZon and Ed Berkhof is orchestrating a new scam with FMC Telecom. Frank Cassidy, owner of FMC Telecom, is either his new fellow fraudster or Mr. Cassidy has fallen victim to Ed Berkhof's new Ponzi scheme. The Ahkoy family is now suing Elandia in the Pacific and Florida courts. The FBI and SEC are investigating Allen Stanford, James M. Davis and their den of thieves including Sidney D. Trip Camper III and Ed Berkhof.

• Andrew I think you're exactly right.

• I cannot believe we have stumbled upon another Madoff. Madoff, Stanford, Who is next? Maybe the SEC had an idea of Stanford's illegal activity, and decided to do something about it after being reamed by Congress on national TV?

• Robert Allen Stanford is in the has set up shop in the U. S. Virgin Islands on the biggest island named St. Croix. He has plans to build his headquarters there. It is not the British Virgin Islands. I live on St. Croix and now this for sure. Another interesting thing to note is that Stanford has police officer from the U. S. Virgin Islands Police Department working for him in their entire police issued gear and uniform; talk about corruption on the island of St. Croix. This is a fact. The police department is in his pocket. These officers (including high ranking officers in the department) nows that's a no no, but they still allow something like this to go on up to now.

• This stuff sounds a lot like that local radio ad for Retirement Rescue Advisers that has been in heavy rotation since the stock market started tumbling. Those people promise double digit returns for people on investments that are supposedly very secure. Color me skeptical.

• Interesting, in that the SIB is in the British Virgin Islands, not the US. Still, the plaintiffs (including some Texans) claim they can't cash in their CDs and have raised a ruckus. He's amusingly "Sir" Robert Allen Stanford of Barbuda, wants to be the Jerry Jones of international cricket. There's a lot of Latin America (can you say "Carlos Slim"?) in there as well.

• that guy that tried to get the SEC to investigate Madoff said he had others he was going to expose. I wonder if this guy was a name on the list.

TotalComments: 7