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Reports: TX Billionaire Allen Stanford Was DEA Confidential Informant

By Jeralyn, Section Crime in the News
Posted on Mon May 11, 2009 at 01:34:42 PM EST
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The British Press is awash in reports that Texas Billionaire Sir Allen Stanford, under investigation by the SEC, caught breaks in prior investigations due to his working for the DEA as a confidential informant into money laundering. More from the Independent and the BBC.

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    Reports: TX Billionaire Allen Stanford Was DEA Confidential Informant | 12 comments (12 topical)

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    Another downside to deputizing bankers... (none / 0) (#1)
    by kdog on Mon May 11, 2009 at 02:15:15 PM EST
    in the drug war, it gives them license to ignore the SEC and the regs of their business.

    Let the bankers bank and the DEA tyrannize on their own...lest the bankers become above the law.

    So (none / 0) (#2)
    by Socraticsilence on Mon May 11, 2009 at 03:28:14 PM EST
    now that the people know he screwed them over what's going to happen to the guy?

    Drug cartel guys put a bullet in his head. (none / 0) (#3)
    by sarcastic unnamed one on Mon May 11, 2009 at 03:31:14 PM EST


    [ Parent ]
    Squeal (none / 0) (#4)
    by Zorba on Mon May 11, 2009 at 06:19:37 PM EST
    to the feds and you get a pass on your own illegal activities?  This type of thing may indeed happen more than we know, but if this is true, it's disgusting.

    Yes Squeal, that's the way things work... (none / 0) (#5)
    by Yes2Truth on Mon May 11, 2009 at 07:23:19 PM EST
    our criminal justice system (sic) works that way.
    Every day.  And we supposedly have the most
    fair and progressive CJSystem in the world.

    Who will make restitution to the clients (none / 0) (#6)
    by lilybart on Tue May 12, 2009 at 10:02:37 AM EST
    that Stanford defrauded?

    Is the Cali cartel going to make good? Maybe the CIA has some cash in their drug-running account?

    Seriously, he was allowed to cheat people, those people should get restitution from the government.

    All the victims have to do... (none / 0) (#7)
    by kdog on Tue May 12, 2009 at 10:08:17 AM EST
    is drop dimes on people themselves and they'll get paid...in favors or in cash...apparently thats how the game is played.

    Honesty, integrity, being a stand up human being...forget about it.

    [ Parent ]

    At the end of the day (none / 0) (#8)
    by Zorba on Tue May 12, 2009 at 11:17:17 AM EST
    when the police agencies use the same tactics as the supposed "bad guys," how are we supposed to tell them apart?  What, then, is the moral and ethical difference between the "good guys" and the "bad guys"?

    [ Parent ]
    Police and Thieves.... (none / 0) (#9)
    by kdog on Tue May 12, 2009 at 11:33:02 AM EST
    have they ever been any different?  They are in the same business after all, the misery business...the "good guys" get real jobs.

    [ Parent ]
    *SIgh* (none / 0) (#10)
    by Zorba on Tue May 12, 2009 at 11:45:12 AM EST
    I'm afraid that this has all too often been the case.

    [ Parent ]
    Again, proving the drug war corrupts. nt (none / 0) (#11)
    by lilybart on Tue May 12, 2009 at 02:16:07 PM EST


    [ Parent ]
    It's an old tactic (none / 0) (#12)
    by Dark Avenger on Tue May 12, 2009 at 05:46:15 PM EST
    used for literally hundreds of years.

    Paris police inspectors responsible for keeping a check on criminals operated a network of secret agents generally recruited from the criminal class itself.

    One such recruit was the founder of the French Sûreté , Vidocq

    The Sûreté (1811-1832)

    At the end of 1811 Vidocq informally organized a plainclothes unit, the Brigade de la Sûreté (engl. Security Brigade). When the police department recognized the value of the civil agents, the experiment in October 1812 got officially converted to be a security police under the umbrella of the Prefecture of Police. Vidocq was appointed to be its leader. On 17 December 1813 Napoleon Bonaparte signed a decree, which made the brigade a state security police. From this day on it was called Sûreté Nationale.



    [ Parent ]
    Reports: TX Billionaire Allen Stanford Was DEA Confidential Informant | 12 comments (12 topical)

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