Saturday, February 21, 2009

Were the actions taken by the SEC against Stanford premature and with insufficient information?

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1 comment:

Thommo said...

Anyone who is promising exhorbitant returns that defy market trends must be placed under scrutiny.
They are doing nothing but running a Madoff-styled Ponzi scheme.

The United States are not trying to clamp down on off shore banking. What they are seeking to do is to ensure that corporations and rich individuals pay their fair share of taxes both on income generated in the US and outside its borders by US citizens and corporations.

Where they seek to keep their legitimate after tax profits are their business. Many of these so-called investment firms operating outside the borders of the United States act as shills for drug trafficers and other nefarious characters who want to launder dirty money.

St. Lucia and other caribbean countries should not wittingly or unwittingly become their enablers.