So, Stanford worked with DEA

[EFerrari]

Authorities accused of turning a blind eye to financier's banking business

By Cahal Milmo

Monday, 11 May 200

Sir Allen Stanford, the Texan billionaire who ploughed millions of pounds into English cricket, may have been working as an informant for American anti-drug agents in return for official protection which gave him free rein to run his banking empire, it emerged yesterday.

An investigation into the financier has found that just $500m (£331m) of the claimed $7.2bn of deposits held by his Stanford International Bank, based in Antigua, has been traced by a UK-based receiver who was called in by authorities when fraud allegations were laid against Stanford in February.

The resulting $6.7bn hole in the bank's balance sheet, which leaves 28,000 depositors – including 200 Britons – with near-worthless investment certificates, raises serious concerns about the extent to which officials in America and Britain were aware of Stanford's personal finance issues and the activities of his banks long before the current economic crisis. A BBC Panorama programme, to be screened tonight, alleges that the 6ft 4in-tall businessman may have been allowed to run his banking business unfettered for up to a decade because he was passing information on to America's Drug Enforcement Administration (DEA) about the money-laundering activities of drug baron clients from Colombia, Mexico and Venezuela.

http://www.independent.co.uk/news/world/americas/stanford-was-informant-for-us-antidrug-agents-1682649.html

[Peace Patriot]

1. Oh, I think they ignored his financial crimes BECAUSE OF, not DESPITE, drug baron money-laundering.

I don't believe that the Bushwhacks, all 'virtuous and upright,' gave a fuck about drug barons or money-laundering. In fact, I think they ARE drug barons. This was THEIR money-laundering bank; also maybe their bank for funneling money to fascists for destabilization and assassination plots against leftist governments in South America. Stanford was running a bank scam in Venezuela, which the Chavez government quickly shut down to protect Venezuelan investors. It is common knowledge that the Bushwhacks were funding the rightwing opposition in Venezuela and fascist rioters and murderers in Bolivia, and they probably still are, using the billions they stole from us and their dirty drug/weapons profits. But it happens to be illegal in Venezuela to accept foreign money for political campaigns (as it is here), so how were they laundering the money for campaigns against Chavez? Early this year, a reporter caught opposition leaders returning from a meeting in Puerto Rico with Bushwhack diplomats, prior to the referendum on term limits; then email messages were disclosed clearly stating the purpose of the meeting: The Venezuelan fascists sought $3 million from the Bushwhacks to defeat the February national referendum on term limits. (Chavez won the referendum hands down--in an election system that is far, far more transparent than our own.) One of these opposition leaders has now fled Venezuela and sought asylum in Peru (one of only two Bush-friendly countries in South America) due to corruption charges in Venezuela (not related to Stanford or accepting foreign money, that I know of). How were the Bushwhacks shoveling money to these rightwing/fascist causes and politicians? And what is the origin of the money (besides your pocketbook and mine)?

I have my suspicions, which are based on the premise that whatever the Bushwhacks say they are doing, the opposite is true. For instance, if they say they are fighting "the war on drugs," they are actually encouraging and profiting from illicit drugs and attendant crimes. This rule of thumb proves true everywhere else you look. Were they promoting democracy, as they claimed? Har-har. They were trying very hard to stamp it out (here as well as everywhere else). Were they "keeping us safe" with torture and war? No, they were looting us blind, and trying to torture people into saying there was a connection between Saddam Hussein and Al Qaeda (which did not exist), in order to lie to us some more, and hijacking our military for a corporate resource war, and ensconcing it forever in the Middle East to protect the oil contracts. Everything they assert, the opposite is true. So, if they assert that Stanford was a drug snitch and that is why they ignored his financial crimes, the opposite is more than likely true--that he was their money-launderer for illicit drug profits and other dirty rotten purposes.

I hope the Stanford investigation finally opens up this particular stinking cauldron of Bushwhack corruption and crime--their dirty dealings in South America.

[EFerrari]

2. I was just uncertain which alphabet agency he was currently involved

with, Drug Entrepreneurs of America or Criminals in Action.

Am I right in thinking DEA was kicked out of Venezuela before Stanford went down?

[Peace Patriot]

3. Yes, Venezuela kicked the DEA some time ago. They busted Stanford's bank in Caracas

recently. I don't know the exact date of the DEA's eviction, but I'm sure it predated the Stanford bank bust. Among other things, they said that Stanford's bank in Caracas was being used by tax scofflaws to avoid paying rightful taxes. (The local Stanford bank was hiding money for people through its offshore banking network.) I hope we'll learn more about Stanford bank's connection to Bushwhack plots and dirty dealings with the drug lords and fascist politicos in Venezuela, as the investigation proceeds. I think Stanford's ponzi schemes were just the tip of the iceberg.