Immediate Trade

Allen Stanford

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Greg P
Greg P
Posted underAllen StanfordBankingCarribeanEducationPonzi

I didn’t know the story of Allen Stanford before seeing this video. He created a Ponzi scheme worth over $5 billion and ended up with a 110year prison sentence. Despite his public image as a trustworthy banker, Stanford’s life was built on lies, starting with his humble beginnings in Texas. He went on to live a life of deceit, operating from a small Caribbean island, Antigua and Barbuda, where he acted as a quasi-dictator and ran a Ponzi scheme for over 25 years, ruining the lives of 21,000 victims. Stanford’s fraudulent activities were fueled by his outsized ego, narcissism, and greed, and went undetected due to his charisma and elaborate storytelling.  

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