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January 25, 2021 39 mins
Allen Stanford had a taste of success when he opened health clubs after college. But when the economy tanked and he filed for bankruptcy, he was determined to pull himself up by the bootstraps and try again. Entering the financial sector, Stanford had a knack for Certificates of Deposits, of CDs, on which he built his empire. The problem was, it was all a well-tailored farce.



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Music by:



Swelling



"Night II"



Meydan



"Insomnia Pt. 1"



SoundCrate



"Squad"



SoundCrate



"Shady Dealings"



This work is licensed under the Creative Commons Attribution 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by/4.0/



Sources:

Closed Criminal Division Cases | CRIMINAL-VNS | Department of Justice



Stanford gets 110 years for role in $7B swindle (yahoo.com)



Allen Stanford is a 'wreck of man' from prison: Attorneys - InvestmentNews



Federal judges reject convicted Ponzi scheme operator R. Allen Stanford’s appeal, uphold 110-year sentence | News | theadvocate.com



Viewing Financial Crimes as Economic Homicide - The New York Times (nytimes.com)



Allen Stanford's Ponzi scheme victims say they have been short-changed (cnbc.com)



https://www.youtube.com/watch?fbclid=IwAR3MxoTfUdh2SdB3O-mpN_dSY1kO7knPZnYqWFV_j09O7UP6cN0TfXbg75E&v=JtOHPp2Aaj8&feature=youtu.be



https://en.wikipedia.org/wiki/Dick_DeGuerin



https://en.wikipedia.org/wiki/Bernie_Madoff



https://www.nasaa.org/2700/how-to-spot-a-con-artist/



https://www.investor.gov/introduction-investing/investing-basics/investment-products/certificates-deposit-cds



https://en.wikipedia.org/wiki/Mexia,_Texas#:~:text=The%20population%20of%20Mexia%20increased%20from%203%2C482%20to%20nearly%2035%2C000.&text=The%20population%20was%20reported%20as,population%20was%20listed%20as%206%2C563.



https://inflationdata.com/articles/inflation-adjusted-prices/historical-crude-oil-prices-table/



https://www.offshore-protection.com/offshore-blog/history-of-tax-havens#:~:text=The%20Beginnings%20of%20the%20Modern%20Tax%20Haven&text='Tax%20Haven'%20typically%20referred%20to,their%20post%2Dretirement%20tax%20burden



https://en.wikipedia.org/wiki/Tax_haven#Top_10_tax_havens
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