Dick DeGuerin, representing Allen Stanford, was interviewed at TPM by Zachary Roth.
In an interview with TPMmuckraker moments ago, DeGuerin denied that Stanford was running a Ponzi scheme. And, referring to federal investigators' raids on Stanford offices as the SEC prepared charges last month, DeGuerin played the Nazi card, declaring:Read all of it.
"The SEC came in like a bunch of Storm Troopers, which caused a panic, and caused the banks in Venezuela and elsewhere to nationalize his banks, just take them away."
This move, combined with the decline in the stock market, caused a severe diminution in the value of Stanford's assets, DeGuerin said. "It's a perfect storm of panic caused by the SEC's heavy-handed actions"