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Number of Pages 3
This research paper: 3 pages in length. Exposing industry fraud has become a regular occurrence in today's business community, particularly within the finance industry. On the heels of the Madoff scandal comes an eight billion dollar operation by Stanford Financial that has all the earmarking of a Ponzi - or pyramid - scheme involving high-yielding certificates of deposit from an Antigua-based offshore bank. Keeping with the standard format of blatant deceit is that of lying to authorities in the quest to throw them off the scent, withholding critical information (which is otherwise known as lying by omission), and eventually turning coat when a player's back is against the wall. All of this and more has taken place over the past week as the result of a four-year investigation of Stanford Financial, R. Allen Stanford (sole shareholder) and a handful of top executives, not the least of which includes chief investment officer Laura Pendergest-Holt and chief financial officer Jim Davis. Bibliography lists 3 sources.
File: LM1_TLCstanfrd.rtf
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