Allen Stanford: The Dark Knight | American Greed — Transcript

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1. 0:00On an allnew American Greed, an epic
2. 0:02fraud scams over 20,000 investors.
3. 0:05Alan Stanford is a sociopath,
4. 0:08snaring them with fake promises and a
5. 0:10little dark magic.
6. 0:11Each of them cut their fingers and mix
7. 0:13their blood at the time they arranged
8. 0:15the deal.
9. 0:16Insiders tell all about Sir Allen's $7
10. 0:19billion scheme.
11. 0:20They're manipulating data. They're
12. 0:22cooking the numbers.
13. 0:23An all new American Creed, scams,
14. 0:25scoundrels, and suckers. Wednesday 10
15. 0:27Eastern on CNBC.
16. 0:34In this episode of American Green.
17. 0:36Hello, I'm Alan Stanford.
18. 0:39A financial predator of epic proportion.
19. 0:42Allan Stanford and his shocking $7.2
20. 0:46billion fraud.
21. 0:48He's an absolute crook. He's a thief and
22. 0:50created a blueprint to build people out
23. 0:52of billions of dollars.
24. 0:54For two decades, Stanford runs an
25. 0:56international Ponzi scheme. value for
26. 0:59you, our client,
27. 1:00selling fraudulent certificates of
28. 1:02deposit from his offshore bank on the
29. 1:04island of Antigga.
30. 1:06Stanford International Bank from day one
31. 1:09was a facade. It didn't exist. It was a
32. 1:12Hollywood set. They weren't investing
33. 1:14the money like Stanford told investors.
34. 1:16And it's those investors, more than
35. 1:1820,000 of them, who foot the bill for
36. 1:21Stanford's lavish lifestyle.
37. 1:23Alan Stanford at his peak was a
38. 1:25billionaire. He was one of the richest
39. 1:27men in the world. He used the money on
40. 1:29yachts and private jets at homes around
41. 1:32the world and also to prop up his
42. 1:34empire.
43. 1:34Millions of investor dollars gone.
44. 1:38To lose $1.3 million by someone that
45. 1:40absolutely stole the money from me is
46. 1:43just horrific.
47. 1:44Alan Stanford is a sociopath.
48. 1:47We have real assets, real people, a real
49. 1:50group of companies, and this was no
50. 1:52Ponzi scheme.