The end of the Stanford era?
⊆ 18:31 by CommuniKation
Sent to you by Cricketpedia.Org via Google Reader:
via Well Pitched - a cricket blog by SledgeHammer on 2/16/09
Looks like Allen Stanford is being targeted by the authorities in the US. Things are not looking pretty for him.The Securities and Exchange Commission, the Financial Industry Regulatory Authority and the Federal Bureau of Investigations are looking into the eccentric money man for alleged fraud involving his Stanford International Bank, which claims to have $8.5 billion in assets and some 30,000 investors.
Sir Stanford--he was the first American to receive knighthood from the government of Antigua and is infamous for his efforts to revive West Indian cricket--has managed to report shockingly consistent returns for years. Even in 2008, when Wall Street was hit across the board, he managed to make a 6% profit on his portfolio.
Regardless of whether he remains involved, he certainly did inject life into cricket, especially Windies cricket. It remains to be seen whether he can continue in some capacity, or whether someone can pick up from where he left off.
Things you can do from here:
- Subscribe to Well Pitched - a cricket blog using Google Reader
- Get started using Google Reader to easily keep up with all your favorite sites
Posts
