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*ALLEN STANFORD LAUNDERED "$500 MILLION USD" FOR THE MUAMMAR GADDAFI ORGANIZED CRIME REGIME*
FROM THE - JOURNALS of Monte Friesner ~ Financial Crime Consultant for WANTED SA ~
Wednesday March 02, 2011 >
WANTED SA has been informed this morning that he Muammar Gaddafi regime in Libya is said to have invested at least US $500 million with accused disgraced financier Allen Stanford.
The American television network CNBC in a report cited court documents which show that on January 25, 2009 Stanford, accompanied by his girlfriend Andrea Stoelker, flew to Tripoli in a private jet to meet with Libyan government officials.
“The Libyan government’s sovereign wealth fund invested some US $500 million with Stanford, who left Libya the next day along with Stoelker and an unidentified third person, bound for Zurich, Switzerland,” the court documents said.
The deal was made at a time when the global financial crisis was at its worst and Stanford like nearly every other banker in the world, was trying hard to keep his empire afloat.
It had been widely believed that the Muammar Gaddafi regime was one of the largest victims of the alleged Stanford scam, in which investors have thus far recovered less than three cents on the dollar.
However, CNBC reported that Libya might have managed to withdraw much of its nine figure-investment with Stanford just before the firm collapsed.
Stanford, 60, is charged with running a US $7 billion Ponzi scheme through his Antigua-based Stanford International Bank. He has denied the charges and remains in jail in the United States awaiting trial.
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