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Sir Allen denies wrongdoing
Tuesday, 07 April 2009
Sir Allen Stanford who is accused of an $8 billion fraud by US regulators has insisted no money was lost by customers dealing with his financial services companies.
<span style="font-weight: bold">In an emotional interview with ABC, the Texan financier wept as he spoke about how much he loved his employees</span>.
<span style="font-style: italic">Sir Allen later threatened to punch anyone who repeated allegations that he was involved in the laundering of Mexican drug money.</span>
He has already denied any wrongdoing in the case.
But the US financial regulator, the Securities and Exchange Commission (SEC), has said Sir Allen is guilty of fraud of shocking magnitude, and criminal charges are expected to follow.
By court order, the Texan billionaire is denied access to his own money, and he said the seizure of his assets had left him with little money <span style="font-weight: bold">and few changes of clothing</span>.
Even though in the past he has reportedly owned both a castle and an island <span style="font-weight: bold">he insists his lifestyle was always frugal</span>.
Tuesday, 07 April 2009
Sir Allen Stanford who is accused of an $8 billion fraud by US regulators has insisted no money was lost by customers dealing with his financial services companies.
<span style="font-weight: bold">In an emotional interview with ABC, the Texan financier wept as he spoke about how much he loved his employees</span>.
<span style="font-style: italic">Sir Allen later threatened to punch anyone who repeated allegations that he was involved in the laundering of Mexican drug money.</span>
He has already denied any wrongdoing in the case.
But the US financial regulator, the Securities and Exchange Commission (SEC), has said Sir Allen is guilty of fraud of shocking magnitude, and criminal charges are expected to follow.
By court order, the Texan billionaire is denied access to his own money, and he said the seizure of his assets had left him with little money <span style="font-weight: bold">and few changes of clothing</span>.
Even though in the past he has reportedly owned both a castle and an island <span style="font-weight: bold">he insists his lifestyle was always frugal</span>.
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