karoli from www.crooksandliars.com writes:
"First there was the Madoff Ponzi scheme scandal, which is the biggest in
history. Then the Stanford Group Ponzi scheme scandal broke in 2009.
The numbers were mind-boggling, but the deceit more so. $8 billion dollars
stolen from investors. Allen Stanford on the run to parts unknown. Thousands of
investors bilked of everything, and it happened because the SEC failed to act on warnings that there was
rampant fraud taking place."
Story here: http://crooksandliars.com/karoli/mitt-romney-entwined-stanford-ponzi-scheme