Allen Stanford was ‘US government informer’ via The Telegraph (UK)
When the news is this bad, you’ll just have to read it in the foreign press..
Sir Allen Stanford, the Texan financier and cricket promoter accused of a $8 billion (£5.6 billion) bank fraud, is at the centre of allegations that he worked as a US government informer, according to the BBC.
A Panorama [a weekly current affairs program in the UK] investigation has suggested that Sir Allen was shielded from an earlier inquiry into his activities because he co-operated with a US Drug Enforcement Administration (DEA) attempt to track money laundering by Latin American drug cartels.
Panorama claimed some US officials were aware of Sir Allen’s cartel links as long ago as 1990. It reported that Sir Allen, paid a $3.1 million (£2.05 million) cheque to the DEA in 1999 after that sum was invested in his bank by another Mexican drug gang, the Juarez cartel of Amada Carillo Fuentes.
According to Panorama, whose investigation will air on Monday, Sir Allen was initially investigated by the SEC over suspicions he was running a Ponzi scheme in the summer of 2006, but the inquiry was over by the winter of that year.
The BBC claims the decision to close the investigation followed a request by another government agency.
Panorama says it is aware of “strong evidence” that Sir Allen was a “confidential agent” for the DEA as far back as 1999 and turned over details of money laundering by clients from Colombia, Mexico and Ecuador.
My mother used to day that when you wrestle with pigs you’re gonna get dirty, and the DEA has “ponzi scheme” all over it’s shirt. This man was allowed to bilk $8 Billion dollars from Americans just so the DEA could have it’s money mole. So, you can just add $8 Billion to the cost of the drug war for this year, just feel lucky that you didn’t take Sean Hanity’s advice and buy gold from Stanford Financial.
There is a dirty little secret that could cost all the drug warriors their positions, and Mexican President Calderon mentioned it but few took notice. There are large numbers of police, DEA agents, accountants, judges and attorneys who are neck deep in corruption. We never hear about them, we never even get so much as a whiff that the US government is as corrupt as the Mexican government. But they are, and Calderon knows it, and you should know it too. When America wakes up to see the legions of Police that have been bought we will begin to understand the true cost of this war and what it has done to us.
