Saturday, April 24, 2010 - 8:17 AM

SEC Shown to be Very Slow in Shutting Down Stanford

The Securities and Exchange Commission knew since 1997 that R. Allen Stanford likely was operating a Ponzi scheme but waited 12 years to bring fraud charges against the billionaire

Stanford International Bank had sold $8 billion of so-called certificates of deposit before the SEC filed charges in February 2009.

KenBDG4,048 posts since
Nov 29, 2009
Rep Points: 106,905

1. Sunday, April 25, 2010 - 3:14 AM

Well based on recent news articles, the SEC employees were too busy watching porn on the computer, so maybe that delayed their actions on the Stanford International Bank?

Anonymous963 posts since
May 9, 2010
Rep Points: 1,819