Accused financier curried influence in Washington
Robert Allen Stanford, the Texas financier accused of an $8 billion fraud, has been tracked down in Virginia, the Securities and Exchange Commission said Thursday.
Stanford also spread more than $7 million in political donations across Washington in recent years on lobbying and campaign contributions.
A political action committee formed by Stanford and his wife donated almost $1 million; the rest was doled out via the Stanford Financial Group's political action committee, the watchdog group Center for Responsive Politics said in research released Thursday.
"Robert Allen Stanford now has two things in common with embattled investment manager Bernard Madoff: Both have been accused of defrauding their investors, and both have given significant funds to politicians," the group said.
See the list of Stanford's beneficiaries
I think we need to implement more Chinese style justice on corrupt b******* like this. The Chinese have executed executives who have committed fraud. Remember the tainted drug and milk scandals in China just recently? China has the balls to simply eliminate s*** like this from the gene pool. I have a hankerin' for some Chinese!!!