Tuesday, February 17, 2009

Vijay and Camilo will probably be wearing some different shirts REAL soon...

Stanford Financial, a key partner in the "Eagles for St. Judes" charitable endeavor (and sponsors of Vijay and Camilo) is in DEEP SHIZZLE.

According to the story on MSNBC:

Federal regulators on Tuesday charged Texas financier R. Allen Stanford and three of his firms with a "massive" fraud that centered around high-interest-rate certificates of deposit, and raided some of the companies' offices.

In a complaint filed in federal court in Dallas, the Securities and Exchange Commission alleged Stanford orchestrated a fraudulent investment scheme centered on an $8 billion CD program that promised "improbable and unsubstantiated high interest rates."

Stanford's assets, along with those of the three companies, were frozen. Stanford's firms include Antigua-based Stanford International Bank, broker-dealer Stanford Group Co. and investment adviser Stanford Capital Management, which are both based in Houston.

Read the rest of the story here

Look for more about our changing economy's impact on the PGA in an upcoming post...."the times, they are a changin'"

1 comment:

Patricia said...

Yes and golfer Morgan Pressel too... and an entire LPGA tournament. It's pretty unbelievable.