Reply #8: It is highly likely he abandoned the cricket ploy because he is low on money [View All]

[Robbien]

He was also supposed to hand over $62 mil for the merger of Emageon and Health Systems, but didn't. The deal was done and the papers were signed the bank promised the transfer Tuesday but it didn't happen. Calls were made and promises again given to transfer the cash Wednesday. Again nada. The bank is saying today it is backing out of the deal.

So no twenty mil for cricket and no sixty-two mil for venture capital buyout, all within the last couple of days. The internet is buzzing with posts about Stanford not being able to pay its suppliers.

I expect that ever since Madoff happened, cautious people have been withdrawing their money from Stanford Banking leaving them with very little left to pay the bills.