BANKRUPT BANKER
U.S. diplomats were leery of Allen Stanford -cable | Reuters: "U.S. diplomats in the Caribbean were already wary of Texas financier Allen Stanford, who faces trial for allegedly leading a $7 billion Ponzi scheme, years before he was detained in 2009 on massive fraud charges, a diplomatic cable released by WikiLeaks shows.
The May 2006 confidential report from the U.S. Embassy in Bridgetown, Barbados describes Stanford as a 'controversial Texan billionaire' and major investor in the Caribbean and adds: 'His companies are rumored to engage in bribery, money laundering, and political manipulation.'
'Embassy officers do not reach out to Stanford because of the allegations of bribery and money laundering,' said the cable, which recounted an April 21, 2006 breakfast in Barbados in which U.S. Ambassador Mary E. Kramer met Stanford for the first time in what was described as a 'chance encounter'."
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