Allen Stanford, fallen billionaire

Written on April 16, 2010 – 12:39 am | by pinolobu |

Prior to February 2010, Sir Allen Stanford had it all: billionaire, knighthood, being involved in cricket,a sport which he loves.

Then it all came crashing down when he was accused by the SEC of a whopping USD8 billion fraud, to which he replied by disappearing.

A few days later he was found, and “very depressed”.

He should be. The first Stanford firm was founded by his grandfather, now has more than USD50 billion in assets and many thousand clients around the world. Whoa, with that kind of stress, I sure hope sessions on the elliptical would make it at least slightly better.

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