The Daily Caveat is written by Michael Thomas, a recovering corporate investigator in the Washington, DC-area.

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Previous Posts
4/16/2009
As SEC Twiddled Thumbs the Stanford Fraud Rolled On
All it took was (four) years of diddling at the SEC, multiple whistleblowers (at least five) and the Bernie Madoff debacle to bring down the Stanford Financial house of cards. Here's a pretty darn good run-down from Bloomberg of R. Allen Stanford's various brushes with the law prior to his current PONZI poster-boy status.

-- MDT

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2 comments DIGG DEL.ICIO.USTECHNORATI
2 Comments.
Blogger Lasersaid...
Don;t you just love trods who bust chops on behalf of bad faith acts
April 17, 2009  
Blogger Lasersaid...
Akin to Madoff and STanford - reports on Traub's fraud in eToys and his confessions to false affidavits utilized to seize control of the federal estate - not only received federal willful, blindness, the DE DoJ actually put a promise of such in writing and gave Traub illicit, implied, blanket, immunity.

Then Traub's other two partners - Tom Petters and Marc Dreier accomplished $3 billion and $700 million in fraud on their own.

The DE DOJ also instructed the SEC To back off from any Official Investigation forming.

www.petters-fraud.com
April 17, 2009  
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