Sunday, July 12, 2009

Antigua and the DOJ

"Antigua and Barbuda fired a top banking regulator day after he was charged in connection with the alleged $7 billion Ponzi scheme run by Texas financier R. Allen Stanford. ... Last week the Justice Department unveiled criminal charges against Mr. Stanford, four other officials at Stanford Financial Group and [Leroy] King. The regulator's role, according to US investigators, was to keep US scrutiny at bay. ... The SEC alleges Mr. King shared documents with Mr. Stanford sent by US investigators and allowed Mr. Stanford to craft the regulator's assurance that all was well. Robert Khuzami, SEC enforcement director, descibed Mr. King as 'the enemy of investors' at a press conference Friday", Evan Perez at the WSJ, 24 June 2009, link:

King, you fool. Hire Debevoise & Plimpton, if you can find a few million for attorneys fees and all will be fixed, see my 22 November 2008 post: Look at how different the DOJ treats King than John Mack, my 23 October 2008 post:

1 comment:

Anonymous said...

"Hire BigLaw and all will be fixed."