R. Allen Stanford explosive details about his business dealings — Transcript

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1. 0:00there seems to be another Bernie maid
2. 0:02off who has surfaced now but the
3. 0:04mysterious thing is they don't know
4. 0:05where he is uh this is a guy named Alan
5. 0:07Stanford he M off says why did I think
6. 0:09of that yeah he didn't have time to
7. 0:12escape maybe when the chips were falling
8. 0:14against him but here's the guy right
9. 0:15here uh he has now lost8 billion dollar
10. 0:19of more people's money so they are now
11. 0:21in shock he has off how happy he is yeah
12. 0:24well he's been he was on TV you know a
13. 0:25lot talking about how wonderful it felt
14. 0:27to be a billionaire uh well the only
15. 0:29problem was he really wasn't cuz he was
16. 0:31scamming all of these people allegedly
17. 0:33where is he well here's the problem for
18. 0:35this guy so he scammed uh perhaps $8
19. 0:37billion worth of uh money out of our
20. 0:40pockets if you were an investor in his
21. 0:42company and by the way uh maybe you
22. 0:44shouldn't belong to a bank that is uh
23. 0:46based in Antigua maybe you should look
24. 0:48for something based in the United States
25. 0:50but here's the other thing that this
26. 0:51guy's looking up at and that is the fact
27. 0:54that apparently he was laundering money
28. 0:57uh for some big drug cartels down in Mex
29. 0:59Meo so not only does he have to worry
30. 1:01about the federal government but a bunch
31. 1:03of drug lords too good luck buddy yeah
32. 1:06see these lines these people were going
33. 1:08to the banks making around the bank
34. 1:09saying wait a second if this is all true
35. 1:11my my money's in this Bank am I got to
36. 1:13be able to get my money my life savings
37. 1:14out over in Antigua so a lot of people
38. 1:16making a run on there also what he this
39. 1:18guy did he hooked up with a lot of
40. 1:20politicians he supported a lot of them
41. 1:22John McCain uh Jeff sessions uh Nelson
42. 1:26over in Florida you have uh Nancy p
43. 1:30Chris DOD John Corin right yes so
44. 1:32there's Democrats and Republicans
45. 1:34involved with this guy that's Nancy
46. 1:36Pelosi right there that he is that's
47. 1:38actually a little video where he's
48. 1:39hugging her also he she she and Bill
49. 1:42Clinton both thanked him for sponsoring
50. 1:44some stuff at the Democratic Convention
51. 1:46this past summer out in Denver he did
52. 1:49give money to both parties however he
53. 1:50gave money to Democrats by a margin of 2
54. 1:52to one over Republican we should note
55. 1:54that several of those politicians that
56. 1:56we just mentioned have now said that
57. 1:57they will be giving this money back
58. 1:59contributions to John McCain
59. 2:01specifically said that his money would
60. 2:02be donated Bill Nelson out of Florida
61. 2:04said he would return the money received
62. 2:06by Stamford and probably the other
63. 2:08politicians will follow suit listen to
64. 2:10this evidently IMG the that famous uh
65. 2:13sports agency television agency they
66. 2:15have they represent people uh like
67. 2:17Sergio Garcia Tiger Woods arold Palmer
68. 2:20David Toms they would uh evidently push
69. 2:24people towards this fund this guy and
70. 2:27they've invested substantial money
71. 2:28reportedly according to the New York
72. 2:30post business section today with this
73. 2:31guy so guys like AO Palmer tigerwood
74. 2:33Sergio gar and David Thomas could be out
75. 2:35of slew of money what about IMG is that
76. 2:37legal I don't even know to say okay I
77. 2:39have a guy for you to invest with if
78. 2:42they were getting a kickback and that's
79. 2:43what the is alleged there every person
80. 2:46you push to him you get some money into
81. 2:47the company that's the story this
82. 2:49morning and just one other component to
83. 2:50this is uh one of the reasons he's given
84. 2:52so much uh money to different uh
85. 2:55politicians and stuff like that he also
86. 2:57spent $7 million on lobbying he's is
87. 2:59trying to buy some uh influence on
88. 3:02Capitol Hill to relax exactly how you
89. 3:04can put money in offshore accounts
90. 3:06because of course his companies based
91. 3:09overseas another major company they
92. 3:11should be paying tax dollars to the US
93. 3:12because that's where they make their
94. 3:13money are based overseas therefore we
95. 3:16don't get it that's one there another
96. 3:17one thing about Barack Obama talked
97. 3:19about during the campaigns going after
98. 3:21those companies that are set up offshore
99. 3:22I hope he does Chris do all right let's
100. 3:24talk a little bit about some other
101. 3:25politicians specifically