Cricket's love affair with Allan Stanford ends in nightmare

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The people of the Caribbean thought they had stuck gold when Allen Stanford began tossing a few Million in their direction. West Indian greats such as Vivian Richards were seen wining and dining with 'Sir Allen'. The folks from the Caribbean Island even managed to convince the England and Wales Cricket board to join in on the party. They did too - kissing Stanford's arse at every moment they needed to in order to claim their share of the bounty.

Well it has all just crashed an burned.

Stanford charged with fraud in USA

US authorities allege 'fraud of shocking magnitude' | ECB chairman admits error of judgement | Timeline | SEC statement

Texas business magnate Sir Allen Stanford facing $8B fraud charge
National Post, Canada

Well, it appears billionaire philanthropist and international cricket fanatic Sir Robert Allen Stanford is on a "sticky wicket" (hat tip to the Financial Times for beating everyone to the punch on that little gem) today, as the U.S. Securities and Exchange Commission accused Sir Stanford and three of his companies of fraud in connection with the sales of securities worth a staggering $8-billion.

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Stanford Was A Disaster Waiting To Happen

Stanford Was A Disaster Waiting To Happen

http://www.cricket365.com/story/0,18305,...

From the moment Sir Allen Stanford landed in a helicopter on the Nursery Ground at Lord's last summer, English cricket was always threatened to be embarrassed by their association with him.

Having apparently proved his credentials with a multi-million dollar partnership with West Indies cricket, which included the financial backing for their domestic Twenty20 tournament, the Texan billionaire's desire to establish a more international tournament proved too big a temptation for the England and Wales Cricket Board.

Rejected by both India and South Africa in his attempts to launch a high-profile Twenty20 tournament, newly-installed ECB chairman Giles Clarke was only too happy to accept his lucrative offer and agree a five-year deal with Stanford for an annual event in Antigua and a Twenty20 triangular tournament at Lord's.

Clarke, a shrewd businessman, was elected on promises to deliver greater funds to English cricket and the infusion of dollars from the Stanford involvement was filtered back to the counties, who in turn backed him in his re-election campaign over the last few weeks.

More..

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Sir Allen Stanford aroused suspicion 15 years ago, fraud expert

Sir Allen Stanford aroused suspicion 15 years ago, fraud expert claims

http://www.telegraph.co.uk/sport/cricket...

Journalist Mr Robinson said Sir Allen who is being sought by the US Securities and Exchange Commission after being charged with a multi-billion dollar fraud, had been on "everybody's radar".

Mr Robinson also said the Stanford case could have "huge ramifications" for the world of offshore banking.

He said: "I know, personally, because I have discussed it with them, a number of law enforcement agencies in the United States, plus a number of prosecutors who have been looking at Mr Stanford for the past 15 years.

"He has been on everybody's radar for a number of things."

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Stanford 'drug cartel' links

Stanford 'drug cartel' links

http://www.thesun.co.uk/sol/homepage/new...

RICKET entrepreneur Sir Allen Stanford is being investigated over possible links to a Mexican drugs cartel, according to reports.

The FBI suspect Sir Allen – who is wanted for fraud charges – of laundering money for the notorious cartel.

One of his private jets was detained as part of the investigation last year.

The ABC news report came 36 hours after the Security and Exchanges Commission charged the Texan financier with an alleged $8billion (£5.62billion) fraud.

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He always looked a slimeball.

He always looked a slimeball. You remember this right? He had Matt prior's pregnant wife sitting on his lap?

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