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SEC missed numerous red flags surrounding Stanford (AP)



In this Feb. 19, 2009 file photo, customers of Stanford Bank walk outside one of its offices in Caracas, Venezuela. As with the Bernard Madoff affair, looking now at the scandal surrounding billionaire R. Allen Stanford makes it seem obvious. Yet Stanford was able to continue his alleged scheme as the Securities and Exchange Commission and other regulators stood by, even after he arose on their radar screens. (AP Photo/Carlos Hernandez, File)AP - For years, there were red flags — so many they could have massed into a crimson blanket.

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This entry was posted on Sunday, February 22nd, 2009 at 9:56 pm and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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