DALLAS, Texas 2/20/2009 4:35:43 AM
News / Finance

Stanford Financial Group in Hot Water for Alleged Fraud; Invasive Reminder of Today’s Deceptions, Article Posted on BeaconEquity.com

BeaconEquity.com announces the publication of “Stanford Financial Group in Hot Water for Alleged Fraud; Invasive Reminder of Today’s Deceptions.”

 

Investors can view all of the investment articles for free by visiting: http://www.beaconequity.com/m

 

In the article the author writes:

 

"The recent Bernard Madoff multi-billion dollar scandal has generated even more skepticism and distrust in the investment community; sentiment that just adds to the weight of the current financial chaos, rightfully so.  And now, billionaire banker R. Allen Stanford is taking his spot in the headlines as federal and state regulators take a deeper look at his firm’s seemingly too-good-to-be-true business offerings.”

 

Hundreds of investors in Antiguan and Venezuelan make runs on Stanford Financial banks as the SEC officially accuses Stanford with fraud:

 

“Today, Reuters reports that the SEC has officially accused Stanford with fraud, and in response, hundreds of investors in fear of losing their savings in Antiguan and Venezuelan banks associated with Stanford Financial, rushed to withdraw their cash – and as many outlets report, those withdraws were accompanied by tears of anger and fear. … It’s too early to tell how deep the roots of the alleged fraud run, but those with money invested in the firm aren’t waiting around to find out.”

 

To read the entire article visit http://www.beaconequity.com/m

 

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Source: BeaconEquity.com

 

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