Revealing Book on Disgraced Billionaire Stanford Published

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Books

Monday, 07 September 2009 06:34

By Caribbean Net News

Texas billionaire and accused Ponzi scammer, Allen Stanford, is the focus of a new book written by a former Stanford executive. Sir Allen & Me: An Insider’s Look at R Allen Stanford and the Island of Antigua peers into the private and

business life of the flamboyant financier, whom the federal government claims operated a “massive” $8-billion confidence game from his bank in the Caribbean nation of Antigua and Barbuda.

Author and journalist Robert Hoffman was hired by Stanford in the mid-1990s to start up the Antigua Sun newspaper. For two years, Hoffman was privy to the billionaire’s political maneuvering and manipulations, including Stanford’s efforts to rewrite the island’s banking laws to favor the Texas money man and to keep prying eyes from the highly questionable running of Stanford International Bank based in Antigua.

Hoffman also tells about Stanford’s forays into the world of cricket, his disastrous stab at establishing a regional airline, his lavish lifestyle and his shameful treatment of many of his loyal employees.

In the book, Hoffman quotes from Stanford describing clearly what his methods were to lure investors into believing his Antigua operations were legitimate by creating what Hoffman calls Stanford’s “financial Potemkin Village” on the island.

The 200-page paperback is currently available on amazon.com and will soon be in bookstores throughout the United States. It can also be purchased at atlasbooks.com, which is the publisher’s chief distributor to outlets and Internet-sales sites. Retail price is $14.95.

 

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