We have had enough of these...

I have been following events and news through the newspapers and the electronic media. Personally I think some news are not newsworthy at all. What is written and what is on the air are not worth watching and worth reading. I think I have had enough of stories that seem to fulfill the whims, fancies, and lust of the rich, the famous, and the evil. In the small things lie the secret to life. Awed with big events, but the events are nothing but just sheer display of nothingness and a move towards destruction. Allah is Great. Allahuakbar.

 

 

Broke, sick and lonely, Stanford heads to court

January 21, 2012

Texas billionaire Allen Stanford arrives at the Federal courthouse in Houston, in the custody of US marshalls, in this file photo of June 25, 2009. On Monday, Stanford heads to court in Houston to battle charges that he operated a US$7 billion Ponzi scheme from Stanford International Bank Ltd, his offshore bank on the Caribbean island of Antigua. – Reuters pic

HOUSTON, Jan 21 – No one calls him Sir Allen Stanford anymore. He is inmate number 35017-183. On Monday, the Texas financier heads to court in Houston to battle charges that he operated a US$7 billion (RM21.74 billion) Ponzi scheme from Stanford International Bank Ltd, his offshore bank on the Caribbean island of Antigua. By all accounts, his was a life of luxury, filled with private jets, yachts, mansions and the sport of cricket.
Deemed a flight risk in June 2009 by a federal judge, the 6-foot billionaire has been in jail, sporting prison-issue green and orange jumpsuits and shackles instead of the dark, tailor-made suits he once ordered in bulk.
Stanford, a native Texan who was knighted by the government of Antigua in 2006, is accused of misleading investors about certificates of deposit (CDs) issued by his offshore bank, in one of the biggest white collar fraud cases since Bernard Madoff.