Stanford Tearfully Denies Wrongdoing


	Stanford Tearfully Denies Wrongdoing

Andrew Farrell

4-7-2009 12:15 PM

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Andrew Farrell says:

It has been tough on Stanford since accusations surfaced he is running a Ponzi scheme. This article reports the ex-billionaire has been forced to fly commercial flights after his private jets were seized.

"They make you take your shoes off and everything, it's terrible," reportedly said Stanford.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/626e5c40-3004-4d6f-9064-4ccce5a47d87/EDFE0666-63D6-4E61-985E-72E37F1E51A6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://edition.cnn.com/2009/CRIME/04/07/stanford.interview/?iref=mpstoryview" href="http://edition.cnn.com/2009/CRIME/04/07/stanford.interview/?iref=mpstoryview" style="font-size: 11px;">edition.cnn.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://edition.cnn.com/2009/CRIME/04/07/stanford.interview/?iref=mpstoryview"><P> <B>(CNN) </B> -- Allen Stanford, the Texan billionaire accused of a $9.2 billion fraud by U.S. regulators has denied any wrongdoing in a tearful interview in which he threatened to punch his questioner in the mouth.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://edition.cnn.com/2009/CRIME/04/07/stanford.interview/?iref=mpstoryview"><P> "I would die and go to hell if it's a Ponzi scheme," Stanford, ranked at no. 205 in Forbes magazine's list of 400 Richest Americans with assets of more than $2 billion, told ABC News. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://edition.cnn.com/2009/CRIME/04/07/stanford.interview/?iref=mpstoryview"><P> "Baloney. Baloney ... It's not a Ponzi scheme. If it was a Ponzi scheme, why are they finding billions and billions of dollars all over the place?" </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://edition.cnn.com/2009/CRIME/04/07/stanford.interview/?iref=mpstoryview"><P>   The assets of Stanford and his financial groups, based in <A class="cnnInlineTopic" href="http://topics.edition.cnn.com/topics/antigua_and_barbuda">Antigua</A> in the Caribbean, are frozen while the U.S. Securities and Exchange Commission investigates allegations he ran "a massive Ponzi scheme," a pyramid scheme in which new investors' money is stolen to pay profits to existing clients. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/EDFE0666-63D6-4E61-985E-72E37F1E51A6/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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