Sunday 17 February 2019

Second only to Bernie Madoff

On 17th February 2009, US federal agents raided the banking offices of the Stanford International Bank. "Sir" Allen Stanford  (the title was conferred on him by Antigua) was charged with operating a massive Ponzi scheme, second only in its extent to that of Bernie Madoff, and convicted three years later.

Stanford had sponsored a number of cricket events in the West Indies. So far as I can discover, none of the prize money was awarded, or returned if it had been awarded.

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