SEC practices under scrutiny in wake of Stanford case
http://www.caribbeanpressreleases.com/articles/8229/1/SEC-practices-under-scrutiny-in-wake-of-Stanford-case/Page1.html
S Coward
By S Coward
Published on 02-Apr-11
April 2, 2011 - As early as 1997, officials at the Securities and Exchange Commission
suspected that R. Allen Stanford was running a Ponzi scheme. But they
did not take significant steps to investigate until 2005, and it was not
until 2009 that the agency charged Stanford with perpetrating an $8
billion fraud from Texas and his island base in the Caribbean.
Read Report: http://www.sec-oig.gov/Reports/AuditsInspections/2011/495.pdf
Read Report: http://www.sec-oig.gov/Reports/AuditsInspections/2011/495.pdf