How can it help the victims of Ponzi?
When Sir Allen Stanford defrauded investors of millions of dollars in the largest This Ponzi scheme known side of Bernie Madoff, the world was shocked that such a wealthy man considered it necessary to take advantage of public trust to get their hands on more money. Now he is in the hands of the law, AMC Liquidators will sell some assets to Stanford to make amends for the millions of dollars lost. I think the victims may also need low-interest loans and liquidity now, but Maybe that's just me.
Tamara Lush reports for The Huffington Post that the AMC Liquidators holds an auction in Fort Lauderdale, Florida. Furniture and other items for sale will come from offices in Miami, the disgraced businessman.
A restaurateur from Boca Raton bought a chair brown leather desk Cherry Wood anda matching credenza for $ 1500. A sting to the quality of furniture, of course, nickels and coins dime compared to what Stanford did to its investors.
Where is the remaining 2 billion dollars?
"Value in the volume "is the slogan AMC Liquidators makes their auctions, and the same should play as they try to hock office properties on the Stanford free market. At least 25 trucks, luxury office equipment are for sale, including oriental rugs, marble tables and leather chairs. Bronze eagles (the symbol Stanford Financial Group) are also on the block, are pictures of Palm Beach County Polo Grounds that Stanford sponsored. Oh yes, there are a tapestry of Louis XIV of France, the "Sun King". No delusions of grandeur on the part of Sir Allen, are they?
Estimates place the total value of the sale of Fort Lauderdale approximately 2 million dollars. However, this is just the tip of the iceberg. According to Forbes, Stanford has a value of 2 billion dollars in 2008.
Trying billion in certificates of deposit "and other vehicles for financial fraud through an offshore bank in Antigua, says Lush. Month Next, a federal judge ruled, at least $ 226.6 million in "back taxes, penalties and interest" were fair game for government to go after. However, Stanford continues to deny the allegations and has not even been charged with a crime. Chief Investment Officer Laura Pendergest-Holt was the scapegoat so far. She claims by her lawyer that she had been "established" by Stanford.
Meanwhile, Stanford and his lawyers are "concerned" about the liquidation running by AMC Liquidators, claiming it is "part of a hasty effort to liquidate a viable business that ensure sustainable revenue." Only until they find something that sticks, the Teflon man.
But they are outstanding
A federal judge in Dallas ordered, and AMC Liquidators is happy to oblige. Michael Grimm, owner of the CMA, noted that companies are in place in recent years because the number of bankruptcies and downsizing of the company. CMA has been requested by the courts Wholesale on the Stanford five offices in Florida, but only won the bid for the Miami office. According to Grimme, in part because "the owners four other offices decided to keep the furniture in place a rent back. The owner of Miami has decided to sell the content. "
"A lot of my friends were targeted in the scheme Madoff, and I lost a lot of money in my account, too," he said. "We was very well aware of who we bought the inventory from. You might say, it may be time to recovery. "
Repay. Give them low-interest loans for the money instantly same. Make sure that justice is done.
Steve Tarlow is a professional writer for Personal Money Store. to read more articles from Personal Money Store and Steve, please follow the link below:
http://personalmoneystore.com/moneyblog/2009/06/15/amc-liquidators-allen-stanford/
Article Source: http://EzineArticles.com/?expert=Steven_Tarlow
|
|
(1) ORIENTAL RATTAN SCROLL #54 ASIAN WARRIOR Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #39 CALLIGRAPHY Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #17 ~ GREAT WALL CHINA Ratan $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #15 ASIAN PRINCESS Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #12 ASIAN LADY Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #40 CALLIGRAPHY Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #35 CALLIGRAPHY Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #11 MUSICAL LADY Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #50 ASIAN FLORAL Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #10 MANDARIN LADY Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #21 DRAGON / TIGER Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #48 ZEN ART Ratan Hanging $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #41 FENG SHUI Ratan Wall Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #01 CHINESE DRAGON Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #09 GEISHA LADY Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #14 FLUTE PLAYER Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #07 PANDA BEAR Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #08 ASIAN PEACOCK Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #02 ASIAN TIGER Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #27 ASIAN WINTER Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #53 DRAGON LADY Ratan Art $5.23 |
|
|
(1) ORIENTAL RATTAN SCROLL #38 CALLIGRAPHY Ratan Art $5.23 |
|
|
Spring Closeouts (1) ORIENTAL RATTAN SCROLL #54 ASIAN WARRIOR Ratan Art $4.92 |
|
|
Spring Closeouts (1) ORIENTAL RATTAN SCROLL #50 ASIAN FLORAL Ratan Art $4.92 |
|
|
Spring Closeouts (1) ORIENTAL RATTAN SCROLL #48 ZEN ART Ratan Hanging $4.92 |
|
|
Rush Grass Storage Bench Color: Honey $69.00 FB-BENCH-HON Color: Honey Features: -Storage bench.-Dual purpose window seat or upholstered bench and a large storage trunk.-Beautiful rattan style design with wonderfully textured woven rush grass.-Lots of room for storage inside, lined with fine cotton fabric. Options: -Available in dark brown, honey or natural color. Construction: -Wood construction. Color/Finish: -Practical design with hinged … |
|
|
Oneness of Divinity … |
Related posts:
