Venezuela raids the Stanford offshore bank

[malaise]

http://www.caribbeannetnews.com/news-11909--12-12--.html
<snip>
CARACAS, Venezuelan (Reuters): Venezuelan military intelligence officials on Friday raided offshore banking group Stanford International Bank, a prosecutor and the US-founded company said.

Stanford said it has strictly followed Venezuelan laws and regulations, will cooperate with the investigation and continues to operate normally despite the raid on one of its offices in Caracas.

The top military prosecutor, Ernesto Cedeno, said the case involved espionage. The investigation involved the US Central Intelligence Agency, state media said.

Stanford International Bank is a global financial network, based on the Caribbean island of Antigua, with $51 billion in deposits and assets under management, according to the bank.

It was founded in Texas during the Great Depression as an insurance company.
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This is the same Allen Stanford who sponsors the cricket tournament in Antigua. The final of his tournament last Saturday had prize money of US$20 million for the winning team.
The British Government kicked them out of Montserrat a few years ago. I am beyond curious about his connections and he does own an airline business in a nice strategic position near South America.

[USA_1]

1. Stanford

He appeared on TV while promoting his 20/20/20 Cricket tournament.

While I appreciate his efforts to promote the sport in the USA, I said to my self that he has a very dishonest face!