I’ve been asked for my thoughts on the latest Ponzi scheme, the Stanford International Bank Certificate of Deposit Fraud…
#1 If you put your entire “life savings” into a bank in the Caribbean, chances are you’ve got something to hide, so…sucks for you.
#2 This is a CD paying out double what every other CD on the planet is paying…with no regard for the economic environment over the years. The point of a CD is safety, so you got screwed because you were being a piggie about the yield on your “safety”.
#3 I hear “Sir” Allen Stanford is MIA…good, hopefully a local in Antigua slid down a coconut tree and beheaded the SOB with a Machete.
#4 Where do I apply for a “Sir” title from Antigua? Is there a website or something? Getting knighted in the Caribbean is just as dignified as Elton John and Mick Jagger being knighted in England, any day of the week.