A reader of this blog reports that the US SEC is investigating Stanford International Bank and the Stanford Group.
Interesting, but nothing may come of it.
Don’t forget the SEC for years failed completely to detect Bernie Madoff ‘s global scam even though it possessed mountains of evidence suggesting Madoff was a swindler.
Meanwhile, we’re told the head of Stanford Group’s operation in Caracas was offered the opportunity to reply in writing to “several inconsistencies” in Alex Dalmady’s article for the January issue of VenEconomy Monthly. However, the right-to-reply and clarify offered by VenEconomy’s publisher Robert Bottome was declined by the Stanford executive.