Back to Financial News
Reply
Saturday, February 4, 2012 - 11:23 AM

Stanford $7 Billion Ponzi Scheme: Former CFO Testimony

The former CFO for Stanford's companies testified that while the bank never reported an unprofitable year, to keep up the charade it reported 3Q2001 as an unprofitable quarter due to the 9/11 attacks. 

Ex-Stanford exec tells jurors bank's profits faked - Yahoo! Finance
3
pearlbrownpearlbrown346 posts since
Nov 2, 2010
Rep Points: 1,416
Reply