Stanford A Drug Informer and Bush Ally

Somehow the allegation that an 2006 SEC investigation into Sir Allen Stanford was dropped at the request of the Bush Administration because Stanford was too well connected, and a drug informant, does not surprise me. Rules are different for the very rich, no matter how they got their money. The Bush team was always more interested in loyalty than law-abiding anyway, and Stanford, being a fifth generation Texan, was a Bush Ranger1.

Sir Allen Stanford, who is accused of bank fraud, is the subject of an investigation by the BBC’s Panorama.

Sources told Panorama that if he was a paid anti-drug agency informer, that could explain why a 2006 probe into his financial dealings was quietly dropped.

On 17 February of this year, the US Securities and Exchange Commission (SEC) accused Sir Allen of running a multi-billion dollar Ponzi fraud – when cash from new depositors is used to pay dividends to old depositors – civil charges he has denied.

Two and a half months after the SEC filing, the Texan has not yet faced criminal charges.

He was initially investigated by the SEC for running a possible Ponzi fraud in the summer of 2006, but by the winter of that year the inquiry was stopped.

Panorama understands that the decision was taken because of a request by another government agency.

Panorama is aware of strong evidence that Sir Allen was a confidential agent of the DEA as far back as 1999 – the year he made out the $3.1m cheque to the DEA.

[From BBC NEWS | UK | Stanford drug informer role claim]

Stanford got his knighthood from Antigua and Barbuda, yet insists upon being called Sir Allen, by the way. A bit of a douche-bag, in other words.

Among several framed certificates hung on a wall is one with the gold seal of Antigua and Barbuda pronouncing Stanford Knight Commander, which allowed him to use the title Sir Allen Stanford, and a letter on White House stationery dated Jan. 25, 2006, signed by then-President George W. Bush.

If I’m not mistaken2, when Bush the Smarter3 was in the CIA, there were allegations of CIA drug smuggling, using the body bags of American GIs returning from Southeast Asia. Also using various drug lords in the Golden Triangle as fronts to pay various military operations supported by the US. Wonder if that’s how Stanford and Bush met?

Footnotes:
  1. I’m assuming []
  2. too lazy to look right now []
  3. aka George Herbert Walker Bush []

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