From TalkingPointsMemo:
As politicians from President Obama to Sen. John McCain trip over each other to be the first to return ‘Sir’ Allen Stanford’s money, two GOPers — Texans Sen. John Cornyn and Rep. Pete Sessions — are standing on principle to keep the donations.
From OpenSecrects.org:
Stanford Financial Group has spent a total of $4.8 million on lobbying efforts since 1999, primarily on issues related to money laundering, financial services and banking. Last year the firm’s lobbying spiked by more than 300 percent, totaling $2.2 million, by far the most it has ever reported spending. In addition to sending its own in-house lobbyists to Capitol Hill, the company also hired lobbying shop Ben Barnes Group last year to represent its interests.
From the U.S. Securities and Exchange Commission:
Washington, D.C., Feb. 17, 2009 — The Securities and Exchange Commission today charged Robert Allen Stanford and three of his companies for orchestrating a fraudulent, multi-billion dollar investment scheme centering on an $8 billion CD program.
easttexasonline.com is Digg proof thanks to caching by WP Super Cache!