Alex Dalmady, the man who got the ball rolling on R. Allen Stanford, has the last word of the day on the alleged $7 billion scamster.
R. Allen Stanford’s indictment for his role in masterminding the second-largest Ponzi scheme ever was never in doubt, after the Securities and Exchange Commission charged him with civil fraud in February. But that’s not stopping the SEC and federal prosecutors from holding a Texas-sized shindig to trumpet their big get.
While the securities world waits for the inevitable indictment of the Texas financier, he keeps going through lawyers with the same speed the alleged Ponzi mastermind was said to date women. Last week Stanford replaced his civil litigation defense team with a group of lawyers from the little-known Washington, D.C.-based law firm The Gulf Law Group.
The clock is still ticking on what would appear to be an inevitable indictment for disgraced Texas financier R. Allen Stanford, the man who allegedly ran an $8 billion Ponzi scheme out of his Antigua-based bank. It appears the federal prosecutors manning the investigation are trying to make sure they have an airtight case before filing criminal charges–something Stanford and his lawyer expect will happen any day.