The Libyan government invested at least $500m with Sir Allen Stanford, the Texas businessman accused by the US government of operating a $7bn Ponzi scheme, the FT reported, citing court documents. FT Alphaville dubbed the matter – disclosed in a statement by Sir Allen’s girlfriend filed in Houston on Tuesday – the “St John’s-Tripoli nexus“.

This entry was posted by Stacy-Marie Ishmael on Wednesday, July 8th, 2009 at 4:16 and is filed under Capital markets, People. Tagged with libya, Sir Allen Stanford. Edit this entry.