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[The Stanford Series] Where in the world is Sir Allen?

Posted by Stacy-Marie Ishmael on Feb 17 23:48.

This just out from Reuters, emphasis ours:
Texas billionaire Allen Stanford and two of his aides failed to answer subpoenas to testify about what investigators are calling a “massive” fraud, and the government said late on Tuesday that it could not comment on Stanford’s whereabouts.

The Securities and Exchange Commission said in court documents on Tuesday that it had subpoenaed Stanford, his aide James Davis and O.Y. Goswick, a board member of Antiguan-based Stanford International Bank.

    “None of these witnesses appeared for testimony or produced a single document,” the SEC said in the court filing.

The SEC released a copy of the document after it charged Stanford, three of his companies, and two aides with fraudulently selling some $8 billion in high-yield certificates of deposit (CDs). Federal agents raided the headquarters of Stanford Financial Group in Houston, Texas, on Tuesday.

The Justice Department declined to comment on where Stanford might be, and the SEC had no comment.

The SEC said it had sought a court order for Stanford and his aides to surrender their passports and return any money they control outside the United States.

“An order for repatriation of funds and records sent offshore and still under the control of the defendants is appropriate. There is evidence that funds and records have been transferred overseas,” the SEC said.

“In addition, based on the defendants’ frequent foreign travel, the fact that Stanford maintains vast holdings (including residential real estate) in foreign locales, and Stanford’s self-proclaimed dual residency, the commission seeks an order requiring the defendants to surrender their passports to the court.”

UPDATE: Here’s the link to the court filing (H/T Joanna Chung)
Related links:
Stanford: the mahunt begins – Felix Salmon / Market Movers

Article Series - The Stanford Series

  1. As Stanford allegations fly, the SEC investigates...
  2. US MARSHALS SEEN ENTERING HOUSTON OFFICE OF STANFORD FINANCIAL GROUP - REUTERS EYEWITNESS
  3. Arise, Sir Allen...lest we assume the worst
  4. Sir Allen's Antigua, or the curious case of Stanford International Bank
  5. ROBERT STANFORD ACCUSED OF `MASSIVE FRAUD' BY SEC
  6. The fractal Stanford
  7. The full SEC complaint against Stanford
  8. Stanford scandal in pictures
  9. It's just not cricket
  10. Have you seen this bank?
  11. Where in the world is Sir Allen?
  12. What does the 'F' stand for in FINRA?
  13. Stanford's mysterious billions
  14. Stanford's AIM foray
  15. A Freudian slip?
  16. Sir Allen Stanford, you've been served
  17. But which passport will he surrender?
  18. SIB and Stanford Trust Company Limited put into receivership
  19. Eastern Caribbean Central Bank "takes control" of the Bank of Antigua
  20. The Stanford campaign donations: pay 'em back, not forward
  21. Clients of Allen, by the numbers
  22. This land is our land, Antigua government to say
  23. Antigua government moves closer to seizing Stanford properties
  24. From "investment fraud" to "massive Ponzi scheme"
  25. New details on alleged "massive Ponzi scheme"
  26. Stanford's US employees join the jobless queue
  27. Irony du jour
  28. Invested with Sir Allen? The FBI wants you (to contact them)
  29. Stanford pleading the fifth
  30. IRS says Sir Allen owes $200m in back taxes
  31. Ralph Janvey to Stanford employees: BYOB
  32. Laura Pendergest-Holt agrees to extend indictment deadline
  33. Vantis reports "significant shortfall of assets" at Stanford International Bank
  34. Sir Allen speaks
  35. Stanford victims unite!
  36. Frozen-out Stanford investors petition Congress
  37. Antiguan financial services providers launch PR offensive
  38. The SEC has strong words for Sir Allen Stanford
  39. When it came to Sir Allen Stanford, many warnings went unheeded
  40. Sir Allen's cowboy lawyer
  41. Authorities still failing to get along
  42. Laura Pendergest-Holt to face more charges, Fox Business says
  43. The DEA connection
  44. Avast, ye salty Stanford lawfirm website
  45. Judge rules Sir Allen Stanford must stay in jail pending trial
  46. Stanford CFO James Davis "intends to plead guilty", laywer says
  47. Sir Allen's request to unfreeze funds for legal fees denied
  48. The Tripoli-St John's Nexus
  49. "Fraud victims" want $24bn from the government of Antigua and Barbuda
  50. Sir Allen discovers there's no air conditioning in jail
  51. James Davis pleads guilty to charges related to that $7bn Ponzi
  52. Big Brother's blood oaths
  53. "The investors ought not have to pay for the receiver's PR firm"
  54. Sir Allen's Bellagio problem
  55. Stanford's Bellagio debt, redux
  56. A public defender rides to Sir Allen's rescue
  57. Allen Stanford, puppetmaster: By Freddie Flintoff
  58. Jail proving a big headache for Sir Allen [UPDATED]
  59. Arise Allen Stanford, un-knighted...
  60. Ponzi victims, unite!
  61. Strategies to cope with the SEC

This entry was posted by Stacy-Marie Ishmael on Tuesday, February 17th, 2009 at 23:48 and is filed under Capital markets, People. Tagged with , , . Edit this entry.

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