Reader Comments                                                                                                                Report an offensive comment

return to story

Pressure Builds on Stanford Financial

All Reader Comments

page 1 of 2

Scott Mar 21, 2009 4:23 AM GMT Stanford stole over a billion. That does not make him a billionaire. Please stop referring to him as that in recognition of those who lost their money so he could spend with abandon. The crook is going to jail along with Laura and Jimmy.
Link to this comment

finra.com Mar 17, 2009 2:03 AM GMT so matt goldstein wants to get to the truth, in lieu of trotting out characters such as charles hazlett, mark tidwell and charles (?) rawl all of whom have lengthy settlements vs claims by former clients amounting to hundreds of thousands of dollars - all very evident if matt goldstein spent anytime using his investigative "talents" on finra.com - listen we all eagerly await the sight of "sir" allen and "mr" davis doing the perp walk but lord please do not trot out these other characters as saints. do some homework matt - and congratulations on your fifteen bytes of fame. you should have gotten a stylish haircut ala john edwards or bill clinton.
Link to this comment

mdurney Feb 19, 2009 6:18 AM GMT This isn't the first time a Stanford Financial Group company has been accused of fraud, see: www.arttheftcentral.blogspot.com
Link to this comment

umesh sabe Feb 18, 2009 7:14 AM GMT When company are not in condition to collect sufficient revenue then he must look towards the another opprtunity.
Link to this comment

FBEye Feb 17, 2009 8:13 PM GMT It looks as though the SEC moved in, and the details will be on T.V. tonite. One more PONZI SCHEME down! I can already hear Paul Kangas on 'Nightly Business Report'- Susie, another PONZI SCHEME was exposed today......
Link to this comment

india Feb 17, 2009 6:30 PM GMT Give a break with that crap that the controversy is mere allegations stirred up by disgruntled former employees. Fact is fact. There are present employess who feel the same way but just don't want to lose their jobs..
Link to this comment

Schultz Feb 17, 2009 5:36 PM GMT I met with a financial advisor from Stanford last summer. After many sleepless nights, I decided not to give them my money to invest. I didn't feel like I knew where it was being invested. Some was going into a REIT and that part I understood, but the largest portion was going into the Stanford Growth Fund. The advisor never could explain to my satisfaction what that fund was comprised of. When I went to put the sheet he was using to show me the returns in my folder, he grabbed it back from me and said I couldn't have it. I just did not have a good feeling about this since it was everything I have. I have friends who have CD's in Antigua and they are concerned about their investments. I hope Business Week stays on top of this.
Link to this comment

lilpup Feb 17, 2009 5:34 PM GMT Alex Dalmady. He is a financial analyst from Venezuela He wrote an article "Duck Tales" that ignited this drama last week. He prefaces the accusations by saying a friend asked him to some research on "too good to be true CDs from this bank". I hear he was good friends with someone that was fired from Stanford just about a week ago though. All the former employees coming forward now just sound bitter, and I agree Stanford looked like a good target.
Link to this comment

BCR Feb 17, 2009 5:02 PM GMT Doesn't really matter if this company is legit or not. The SEC is under fire from all sides, and they need vindication. After Madoff, they're going to find some low-hanging fruit, and pick them off. Stanford was just the lowest apple on the tree. Question, and not trying to be smart... Who raised the red flag on these guys in the first place, and when?
Link to this comment

lilpup Feb 17, 2009 4:09 PM GMT Pellucid, I'm not a hacker, I don't have inside information. I have been reading the same crap you have and all I am saying is if it is true, it will all come out. If it isn't true you are possible tarnishing someone's valuable reputation. That isn't your place nor is it your job as an economist, a journalist or even a concerned citizen!wowlfie, regardless of what you think of the SEC, they are better informed than you! They are investigating, gathering facts, and you are speculating on others speculations. It's nice to know that there are fine Americans like yourself out there that wait around for news of more layoffs. . . Look forward to it even. I wonder who you work for??
Link to this comment

BW Mall - Sponsored Links

Buy a link now!