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Massive new fraud Feb 18, 2009

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Uploaded by on Feb 17, 2009

Panel 1
Dow down 300 pts
Under 7,600
Near 5 year lows
Bank nationalization fear
Feb 18, 2009




Panel 2
Massive new fraud
Sir Allen Standford
Bank in Antigua
US$20 mln 20-20
US$8.5 bln deposits
Too good to be true
Feb 18, 2009




Panel 3
Double digit returns
For 15 years
May be ponzi scheme




Panel 3
European stocks hit
Euro slumps
Eastern Europe warning
Moodys warns
Big bank losses




Panel 4
GM and Chrysler
Report back to US
May file for bankruptcy

Category:

News & Politics

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Standard YouTube License

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  • Standford Bank ended up as another ponzi scheme; the bank is firmly embeded in latin america, they have been visiting companies an offering CDs as personal investment to the important employes; and depending on the amount, the bank can take you to isle of Antigua for a weekend, so you can relax when visiting the bank office.

    Welcome to Stanford Bank; where your money worries will increase promptly

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