The Colonel Muammer Gaddafi-led regime in Libya is said to have invested at least US$500 million with accused disgraced financier Allen Stanford.
According to a report on the American television network CNBC, court documents show that Stanford and his girlfriend flew to Tripoli in a private jet to meet with Libyan government officials on January 25, 2009.
The documents say the Libyan government’s sovereign wealth fund invested about US$500 million with Stanford, who left Libya the next day bound for Zurich, Switzerland.
The deal was made at a time when the global financial crisis was at its worst and Stanford, like nearly every other banker in the world, was trying hard to keep his empire afloat.
It had been widely believed that the Muammer Gaddafi’s regime was one of the largest victims of the alleged Stanford scam, in which investors have thus far recovered less than three cents on the dollar.
However, the report said Libya may have managed to withdraw much of its nine figure investment with Stanford just before the firm collapsed.
Stanford, 60, is charged with running a US$7 billion Ponzi scheme through his Antigua-based Stanford International Bank.
He has denied the charges and remains in jail in the United States awaiting trial.
Look at him his face all messed up!! Destroyed many peoples livelihoods, these rich guys who invested with your greedy-self lost there money and you know how they figure they’d try to make up the lost?? By firing and laying off employees on the lower end… Beat him! All corrupt ppl your turn coming….
America always trying to justify their evil. And those inferior one always barking their support. IDOLATRY.
is there a possility that our current politcal leaders could end up like Gadafi or Sanford????????
Your guess is as good as everyone’s !!!!!!
Historically a Typical investor attracked to the governments of the developing world.
Many of who register companies in countries where the standards are poor compared with that of their home country.
All because they would be arrested at home if they did the white collar crimes, bribes and crimes against humanity that they are praised, made to be hero’s and saviors to the uneducated, disenfranchised, helpless victims of the developing world.
For example:
While the EU and other developed nations have passed anti bribery laws some of its citizens escape the law by registering “non neutral”quarry companies in places like Dominica where churches, village councils, community groups and the DNO reading population are made to think that being a good corporate citizen does not include adherence to ILO and WHO occupational health and safety standards. Where entire villages are exposed to silicosis and other health hazards caused by quarry dust.
But Webster dictionary
Definition of a “BRIBE
1: money or favor given or promised in order to influence the judgment or conduct of a person in a position of trust
2: something that serves to
induce or influence”
Some examples of bribery.
http://www.corporatepolicy.org/issues/FCPA.htm
But wasn’t the minister Ambrose George who raised the concern to the quarry companies told they will comply with Dominica’s standards?
Alas as we see with Sir Alan stanford the long arm of the laws are stretching out to Crack down on corporate crime.
http://www.corporatepolicy.org/issues/FCPA.htm
Well that could very well be the reason why the US have his rass in jail all now so!!!
Doing business with the enemy and allowing him to recover much of his investment is just not the American way!!!
But then again Sanford was probably fraid Gaddafi would pay a man to deal with him in Antigua.
Well see where Stanford ended up…dirty blood money? >>>>Prison.Good riddance to bad rubbish
It is disheartening to see Stanford like this – I know what he may have done is grossly wrong – but he assisted in changing the lifes of so many Caribbean people.
That can’t shake Muammar. Half a billion is nothing for him and according to the article, he got much of it back. But I have a question: Why you have the pic of a messed up Sanford, and Mummar right next to him, as if is Mummar that beat up the man? You think Mummar had something to do with the beating he got in jail? I wonder?
see what happens to u when u try to touch on fellas in the cell hhhmmmmm
Man MOTS you have kicks no lie!!!
