March 27, 2009

bunch of storm troopers

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:

"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"
Read all of it.

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