More Stickiness For Allen Stanford

August 28th, 2009 by alyx · No Comments · breaking news

allen-stanford

Like… literally stickiness this time. Is this what bank secrecy has come to? Switzerland can’t save you, and bleeding all over a guy in Antigua can’t do it, either:

R. Allen Stanford’s relationship with the chief regulator of his Antigua bank was closer than most. At a meeting in 2003, they became blood brothers, cutting their wrists and mixing their blood in a “brotherhood ceremony” that Mr. Stanford’s chief financial officer said promoted an elaborate scheme to hide a multibillion-dollar fraud from American and other regulators, The New York Times’s Clifford Krauss writes.

The assertion that the two took a “blood oath” was laid out in a plea agreement signed by the officer, James M. Davis, and filed Thursday.

After the pact, Leroy King, Antigua’s chief banking supervisor, called Mr. Stanford “Big Brother.” He received Super Bowl tickets, valued at thousands of dollars, for himself and his girlfriend. And he accepted regular bribe payments from a secret Swiss bank account that Mr. Davis said he was told to handle by Mr. Stanford.

At least Leroy King got some Superbowl tickets and cash out of it, but seriously, eww.

Incidentally, this could probably be entered in the log of Rules to Live By: any cash transaction that could result in exposure to hepatitis is better not entered.

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