The Stanford Group Fraud
Lance on Mar 07 2009 at 10:39 pm | Filed under: Advisory services, Baton Rouge News, Personal Finance
I have had a problem with the Stanford Group, and the “CD’s” they were pushing, for several years now. No need to explain why at this point. Anyway, this has hit Baton Rouge extremely hard. I don’t believe in relative terms (outside of Antigua itself) any other community had a larger exposure to Stanford than Baton Rouge.
Therefore it is no surprise that it is a larger story in Baton Rouge than elsewhere. Anyway, The Baton Rouge Business Report’s (as fine a local business publication as there is in the United States) Olivia Watkins interviewed me on how those of us in the industry viewed the impact and fallout from this. It was a long discussion, but some of my thoughts on how this kind of thing has played out in the past made it into this story.
