Stanford Ponzi scheme fugitive captured in Belize

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bimjim
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Stanford Ponzi scheme fugitive captured in Belize

Unread post by bimjim » Tue Nov 10, 2015

http://www.caribbean360.com/news/stanfo ... -in-belize

Stanford Ponzi scheme fugitive captured in Belize
November 4, 2015

BELMOPAN, Belize

One of the key players in the Ponzi scheme executed by financier Allen Stanford has been apprehended in Belize. Reports indicate that David Nanes Schnitzer, who oversaw Stanford’s operations in Mexico, Panama and other parts of the region, was caught in San Pedro yesterday evening, with the assistance of Interpol and US Marshals.

Nanes Schnitzer is wanted by authorities in Mexico for allegedly helping defraud thousands of investors while serving as president of Stanford Group Mexico.

Investors in Latin America, including in Mexico, Panama and Venezuela, suffered hundreds of millions of dollars in losses when Stanford’s financial empire collapsed. Stanford is currently serving a 110-year sentence for masterminding a Ponzi scheme involving his Stanford International Bank (SIB) in Antigua where he was based.

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bimjim
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Re: Stanford Ponzi scheme fugitive captured in Belize

Unread post by bimjim » Tue Nov 10, 2015

Another low-life leaves the high life...

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Re: Stanford Ponzi scheme fugitive captured in Belize

Unread post by bajfly » Tue Nov 10, 2015

bimjim wrote:Another low-life leaves the high life...
Do you think Stanford sleeps well at nights?

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Re: Stanford Ponzi scheme fugitive captured in Belize

Unread post by bimjim » Tue Nov 10, 2015

I hope not... I hope the other prisoners are constantly making "deposits" and building up his "wealth" of experiences.

There are others I'd like to see in similar conditions... like Lawrence "Silver Spoon" Duprey, who stole similar amounts from Caribbean people but who is still untouched, uncharged, unquestioned - and still jet-setting around the world from mansion to mansion.

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