Stanford a cog in the U.S. intelligence dirty money laundering machine

Sir Allen Stanford appears to be yet another multi-billion dollar cog in a network of off-shore banks, corporate contrivances, and folding tent operations. Although Stanford is being investigated for a $8 billion fraud scheme, the U.S. Attorney for the U.S. Virgin Islands, where Stanford has extensive holdings on the island of St. Croix, told the Associated Press that the Obama Justice Department is not actively pursuing Stanford.

The Obama campaign gave $4,600 in donations from Stanford to the Chicago Coalition for the Homeless after the news broke about the investigation against Stanford;s firms.

A host of Democrats and Republicans reaped donations from Stanford, including jailed ex-Representative Bob Ney (R-OH), who was convicted in the Jack Abramoff influence-peddling scandal; former Representative Tom DeLay (R-TX); Representative Charles Rangel (D-NY), and Senators John McCain (R-AZ), John Cornyn (R-TX), Bill Nelson (D-FL), Richard Shelby (R-AL), Charles Schumer (D-NY), and Kay Bailey Hutchison (R-TX).

In 2006, Stanford obtained a knighthood from the Antiguan government thanks to his close relationship to Antiguan Prime Minister Spencer Baldwin, where Stanford International Bank maintains its headquarters. Stanford maintains dual U.S. and Antiguan citizenship. Stanford was also close to Antigua's former Prime Minister Lester Bird, who was accused of massive corruption. More