So when I went over to the bank’s web site, I was stunned. First, it looked so simple, so unsophisticated. The language used wasn’t quite right. I downloaded the financial statements and to my surprise the “business model” jumped out at me: investing in Stocks, Bonds, Hedge Funds...
The offshore bank has never been audited by a large reputable accounting firm, and Stanford has never shown verifiable portfolio appraisals. The banks portfolio is invested primarily in high risk securities, which is not congruent with the true nature of safe CD investments promised to clients. Un...
the accountant who audited the books of Stanford International Bank from a small officebetween fish and chips shops in north London. Hewlett was 73 and his lawyers said only that he died“peacefully.” WMR has learned from a state government source ...