Feds investigating Stanford ties to lawmakers

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SETIsLady
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Feds investigating Stanford ties to lawmakers

Post by SETIsLady » 12-28-2009 12:31 AM

Says he hosted Republicans, Democrats on Caribbean trips

* Department of Justice declines to comment (Adds Justice Department declining comment)

MIAMI, Dec 27 (Reuters) - U.S. federal authorities are investigating millions of dollars contributed by fraud suspect Allen Stanford and his staff to U.S. lawmakers in the past decade, the Miami Herald reported on Sunday.

The newspaper said the Justice Department investigation aimed to determine whether the banker received special favors from politicians while he was operating his alleged $7 billion Ponzi scheme centered on fraudulent certificates of deposit issued by his offshore bank in Antigua and Barbuda.

The U.S. Department of Justice said it had no comment on the Herald report.

More:

http://www.reuters.com/article/idUSN2714221420091227

And the Miami Herald article

http://www.miamiherald.com/news/miami-d ... 99470.html

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